Saudi Crown Prince inaugurates 14 projects worth Riyal35bn

14 October 2002 07:31  [Source: ICIS news]

SINGAPORE (CNI)--Saudi Arabian Crown Prince Abdullah bin Abdulaziz Al-Saud inaugurated 14 projects worth a total of Riyal35bn ($9.3bn/Euro9.4bn) on 12 October, mainly for proposed chemical plants and infrastructure in Al-Jubail, CNI learned on Monday.

The projects include several expansions, among them Sabic's plans to add new capacity at cracker operator Al-Jubail Petrochemical Co (Kemya), Eastern Petrochemical Co's expansion of its linear-low density polyethylene (lldPE) and monoethylene glycol (MEG) plants, and plans by methanol producer Saudi-European Petrochemical Co to expand.

The extent and timing of the expansions was not immediately known.

The Crown Prince also laid the foundation stone for Sabic's 1m tonne/year cracker project which will be operated by Jubail United Petrochemical and technical centre, both in Al-Jubail. The cracker project is due onstream in 2004-05.

Other projects include a propane dehydrogenation-polypropylene (PDH-PP) project led by Basell and National Petrochemical Industrialisation Co, new roads and bridges, and the expansion of cooling water systems under the Royal Commission.

The PDH-PP project is expected to produce 450 000 tonne/year each of propylene and PP at the end of 2003.

By: Clara Tan
+65 6780 4359

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