27 July 2011 15:46 [Source: ICIS news]
The cracker will feed a $20bn petrochemical complex being built at Al-Jubail on
Daelim announced that it had won the engineering, procurement and construction deal in a regulatory filing to the South Korean stock exchange on Wednesday. It will design and build the cracker, which will produce 1.5m tonnes/year of ethylene and 400,000 tonnes/year of propylene, Daelim said in the filing.
The contract is worth a total of $920.3m. Of this, $670.6m will be paid to Daelim Industrial while the remaining $249.7m will be paid to its subsidiary, Daelim Saudi
On 25 July, the joint venture partners behind the Sadara scheme said that they had approved the project. Construction of the facility will begin immediately and the first production units will come on line in the second half of 2015, with all units expected to be up and running in 2016, Aramco said in a statement announcing the project.
The complex will comprise 26 manufacturing units and include a world-scale cracker and production units for polyurethanes (isocyanates and polyether polyols), propylene oxide (PO), propylene glycol, elastomers, linear low density polyethylene (LLDPE), low density polyethylene (LDPE), glycol ethers and amines. It will produce more than 3m tonnes/year of high value-added chemical products and performance plastics, according to the joint venture partners.
($1 = €0.69)
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|
Asian Chemical Connections