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Two joint ventures of National Industrialisation Company (Tasnee), the Saudi petrochemical maker, and Sahara Petrochemical Company have signed an EPC contract with an international consortium worth SR4 billion for the construction of a plastics plant in the Jubail.
Saudi Acrylic Monomers Company and Saudi Acrylic Acid Company signed the agreement last week with a group of company fronted by Korea’s Samsung and Germany’s Linde AG, the second biggest industrial gas producer, according to a statement to the Saudi stock exchange, the Tadawul.
The project is scheduled to be on-stream by the third quarter of 2012 will produce 250,000 tonnes per annum (tpa) of concentric caustic soda and 300,000 tpa of di-ethylene.
The project has a designed annual capacity of 145,000 metric tonnes of crude acrylic acid, 145,000 tonnes of butyl acrylate, and 85,000 tonnes of pure acrylic acid, the two companies said.
Last December Sahara awarded a contract to South Korea’s Daelim Industrial Co to construct a caustic soda and di-ethylene chloride project in Jubail, an industrial city in the Eastern Province. The main contract for a purified terephthalic acid plant Ibn Rushd’s Yanbu Complex, is yet to be awarded, and closes in December.
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