18 June 2012 00:00 [Source: ICB]
JACOBS WINS WORK ON TWO ASIA PROJECTS
Jacobs has won contracts for work on two projects in Southeast Asia: a polyvinyl butyral (PVB) resin project planned by Solutia in Kuantan, Malaysia, and a 150,000 tonne/year amino acid DL-methionine complex planned by Evonik in Singapore. US-based Jacobs said it will provide engineering, procurement and construction management (EPCM) services for both projects. Solutia's PVB project is expected to be completed in 2013, while Evonik's amino acid DL-methionine project is expected to start up in 2014.
LANXESS BUILDS POLYAMIDES PLANT
LANXESS has started building a 90,000 tonne/year polyamide project in Antwerp, Belgium. The €75m ($93m) facility will help meet growing automotive demand and is scheduled to start up in the first quarter of 2014, the Germany-based firm said. "High-tech plastics play a critical role in our global strategy," said chairman Axel Heitmann. "Our plans for growth depend on innovations and technologies that support the global megatrends. Activities therefore are focused on solutions for sustainable mobility." LANXESS expects global high-tech plastics demand to rise by 5-6% per year to 2020.
A. SCHULMAN AND NATPET FORM SAUDI JV
Saudi Arabia's National Petrochemical Industrial (NATPET) and US-based A. Schulman plan to build a 100,000 tonne/year polypropylene (PP) compounding unit in Yanbu, Saudi Arabia. The 50:50 joint venture project will be located near NATPET's 400,000 tonne/year PP plant in Yanbu and will be built in two phases. Phase one is estimated to cost Saudi riyal (SR) 266m ($71m) and production is scheduled to begin by the end of 2014.
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