Technimont wins Saudi PTA

06 June 1994 00:00  [Source: ICB]

SABIC HAS announced it has signed an agreement with Enichem affiliate Tecnimont for the supply of technology for Sabic's planned 350 000 tonne/year PTA plant at Yanbu, Saudi Arabia.

Tecnimont will also undertake basic engineering for the plant, which is scheduled to come onstream in 1997.

Sabic says it will construct the plant as part of its polyester manufacturing complex, Ibn Rushd (Arabian Industrial Fibre Co), now under construction in Yanbu Industrial City. This project is due for completion next year.

The long-awaited decision will come as a blow to ICI and Amoco, who have both been holding negotiations for the project over the past year (ECN 16 May).

Amoco was considered a likely candidate because of its interest in developing paraxylene, although recent rumours had backed ICI.

Amoco's paraxylene project has not made progress, and it is still uncertain how Sabic will make provisions for the feedstock (see page 30). Eni has a 10% stake in Ibn Zahr, a jv with Sabic, Apicorp and Neste Oy.

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