Dow/Saudi Aramco confirm petchems JV will be at Jubail

03 August 2010 14:20  [Source: ICIS news]

LONDON (ICIS)--Dow Chemical and Saudi Aramco have chosen Jubail Industrial City as the location for their planned petrochemicals project in Saudi Arabia, the companies said on Tuesday.

Progress was being made with the project, with front-end engineering and design work expected to be completed by mid-2011, they said in a statement.

No details were given of the scale or scope of the updated project, which would be moved from an earlier proposed site at Ras Tanura, where it would have been integrated with an Aramco refinery.

Sources said in April that the project was likely to be moved for cost reasons and would include one cracker instead of two. The revised facility was likely to be based on ethane/naphtha feedstock.

Dow and Saudi Aramco said on Tuesday that a “broad set of variables” had been evaluated, including the anticipated infrastructure benefits and integration opportunities of the new location.

“The project team will continue to evaluate all variables that could impact the ultimate investment decision and the relevant stakeholders,” Dow senior vice president Jim Mclivenny said in the statement.

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By: Nigel Davis
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