Product category:
Oil, Gas, Petrochemical Industry News
News Release from: SABIC
Edited by the Processingtalk Editorial
Team on 15 February 2007
New petrochemical projects for Saudi
Kayan
Saudi Kayan awards two contracts, to Tecnicas Reunidas and Daelim Industrial for the construction of phenolics and polycarbonates projects at the Jubail Industrial City
Sabic affiliate, Saudi Kayan, has signed two letters of award: the first contract is awarded to Tecnicas Reunidas Group to construct a phenolics plant to produce 240 kta of Bis-Phenol A The second contract was awarded to Daelim Industrial to construct a polycarbonate (PC) plant to produce 260 kta of PC
This article was originally published on Processingtalk on 18 Jul 2003 at 8.00am (UK)
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The letters of award were signed by Mr Abdullah S Al-Rabeeah, President of Saudi Kayan.
Mutlaq Al-Morished, Sabic Vice President Corporate Finance and Chairman of Saudi Kayan explained that the company plans to go live in 2009 with an annual capacity exceeding 4 million tons of varied petrochemical products.
These products will strengthen the Sabic competitiveness, introduce specialty products for the first time in Saudi Arabia, provide wide opportunities for the growth and diversity of national downstream industries and create promising job opportunities for Saudi citizens.
Saudi Kayan is currently under construction.
Sabic holds 35percent of the company capital of SR 15billion and the Kayan Petrochemical Company holds 20percent.
The remaining 45percent will be offered for public subscription.
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