Neste Jacobs wins engineering contract for Abu Dhabi complex

13 May 2009 10:06  [Source: ICIS news]

Original Chemaweyaat complex agreementLONDON (ICIS news)--Neste Jacobs has won a long-term framework agreement to carry out engineering work for Abu Dhabi National Chemicals Co (Chemaweyaat) on future expansions at its large-scale chemicals city in the United Arab Emirates state, the Finland-based group said on Wednesday.

Chemaweyaat is currently building a chemicals industrial complex in the Khalifa Industrial Zone at Taweelah, including a cracker with a 1.45m tonne/year ethylene capacity and various polymer and other downstream units.

Neste Jacobs said Chemaweyaat was planning to build a number of similar complexes in the area, and it could be commissioned to carry out “significant front-end engineering work”, starting as soon as autumn 2009 or in 2010.

The initial Abu Dhabi complex was projected to begin production in 2014, carrying an estimated investment cost of around $10bn (€7.3bn), according to Chemaweyaat.

Founded in 2008, Chemaweyaat is a joint venture between Abu Dhabi's International Petroleum Investment Company (IPIC) and the Abu Dhabi Investment Council – which each owns a 40% stake – and Abu Dhabi National Oil Co, which holds 20%.

Neste Jacobs is jointly owned by Finland’s Neste Oil and US-based Jacobs Engineering Group.

A subsidiary of Jacobs Engineering recently won a general engineering services (GES) contract for a $15bn complex being built by Rabigh Refining and Petrochemical (Petro Rabigh) in Saudi Arabia.

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By: Mark Watts
+44 20 8652 3214

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