04 August 2011 21:51 [Source: ICIS news]
HOUSTON (ICIS)--Dow Chemical and Saudi Aramco's Sadara Chemical joint venture awarded a reimbursable engineering, procurement and construction management (EPCM) contract to Fluor, the contractor said on Thursday.
The contract covers all of the utilities and offsites at the al-Jubail chemical complex in Saudi Arabia, Fluor said.
Fluor did not disclose the value of the contract.
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.
The complex will comprise 26 manufacturing units and include a world-scale cracker and production units for polyurethanes (isocyanates, polyether polyols), propylene oxide (PO), propylene glycol, elastomers, linear low density polyethylene (LLDPE), low density polyethylene (LDPE), glycol ethers and amines. It will produce over 3m tonnes/year of high value-added chemical products and performance plastics, Dow Chemical and Saudi Aramco said.
The companies added that once it is operational, Sadara, which will become an equal joint venture between Saudi Aramco and Dow after an initial public offering, is expected to deliver annual revenues of approximately $10bn within a few years.
($1 = €0.70)
For more on Dow visit ICIS company intelligence
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