24 June 2013 03:45 [Source: ICIS news]
by Nurluqman Suratman
SINGAPORE (ICIS)--Saudi Butanol Co (Sabuco) has received approval from Saudi Arabia’s ministry of commerce and industry to build a new butanol plant at Tasnee’s petrochemical complex in Jubail Industrial City, parent firm SABIC said over the weekend.
The plant, scheduled to go on stream in 2015, has 330,000 tonnes/year of n-butanol (NBA) and 11,000 tonnes/year of isobutanol (IBA) capacity, SABIC said in a statement.
“With an estimated investment of $517m (€393m), Sabuco will build the first ever butanol plant in the Middle East and its products will support the continued growth of the paints and coatings industry in Saudi Arabia,” the firm said.
The butanol project is a joint venture of Saudi Kayan Petrochemical Co, a manufacturing affiliate of SABIC; Sadara Chemical Co and Saudi Acrylic Acid Co (SAAC).
SAAC is owned by Tasnee & Sahara Olefins Co (TSOC), an affiliate of Tasnee Co and Sahara Petrochemicals Co.
“The partners are now in the process of executing agreements to further consolidate the partnership and business collaboration,” SABIC said.
“The agreements cover several key elements, including financing, tolling, operations & maintenance, engineering & procurement, construction, project management consulting, and technology licensing,” it added.
($1 = €0.76)
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