Written on 21.02.2012 - Industry
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SAUDI ARABIA: Saudi Royal Commission grants approval for five PC projects costing USD 5.6 billion

Saudi Arabia’s Royal Commission for Jubail and Yanbu has approved five large petrochemical projects to be built in Jubail and costing SR 21.2 billion (USD 5.6 billion), the Saudi Press Agency reported.

The Al-Jubail Petrochemical Co. joint venture of Saudi Basic Industries Corp. and ExxonMobil has been cleared for a SR 12 billion project to produce more than 400,000 t/y of carbon black, thermoplastic specialty polymers and rubber, including ethylene propylene diene monomer, butyl, styrene butadiene and polybutadiene rubber.

Also approved were Saudi International Petrochemical Co.’s SR 2.8 billion, 200,000 t/y ethylene vinyl acetate and low-density polyethylene plant, and Saudi Arabian Fertilizer Co.’s 1.1 million t/y urea project, costing SR 2 billion.

Jubail Chemical Industries Co. has received clearance to set up a SR 3 billion complex that will produce 600,000 t/y of products used in several downstream industries. The company last year awarded Jacobs Engineering a contract for a 30,000 t/y epichlorohydrin facility in Jubail.

Approval was also granted to National Industrialization Co., who, in a joint venture with Evonik and Sahara Petrochemicals, is building a SR 1.4 billion, 80,000 t/y superabsorbent polymers plant.

Source: Weekly "PetroChemical News", Durham, NC, USA; 20 Feb 2012

(Syed Rashid Ali, Karachi, Pakistan)