03 February 2011 21:50 [Source: ICIS news]
The project is in the final phases of its study for front-end engineering design (FEED), Liveris said during an earnings conference call.
Initially, the project was to be built at Ras Tanura, where it would have been integrated with an Aramco refinery.
When Dow and Saudi Aramco announced the new location in August, they did not provide details on the scale or the scope of the updated project.
When initially proposed, the Ras Tanura complex was planned to include world-scale production units for polyethylene (PE), ethylene oxide (EO), ethylene glycol (EG), propylene oxide (PO), propylene glycol (PG), chlor-alkalis, vinyl chloride monomer (VCM), polyurethane components, epoxy resins, polycarbonate (PC), amines and glycol ethers.
The project was valued at $20bn (€14bn).
($1 = €0.72)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|