28 April 2011 18:25 [Source: ICIS news]
HOUSTON (ICIS)--US-based Dow Chemical and Saudi Aramco will move to the final approval stage for their proposed Jubail project in July, chief executive Andrew Liveris said on Thursday.
The project is in the final stages of the front-end engineering design (FEED) study, 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 = €0.68)
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