02 July 2013 15:36 [Source: ICIS news]
LONDON (ICIS)--Veolia has won a contract to build and operate an ultrafiltration and reverse osmosis desalination plant that will supply Dow Chemical's Sadara petrochemicals joint-venture complex in Saudi Arabia, the France-based water and wastewater services company said on Tuesday.
Veolia said that the desalination plant – the largest of its kind in Saudi Arabia – is expected to come onstream in June 2015.
Veolia will earn $310m (€239m) in revenue for the plant's design and construction, and $92m from its operation for 10 years. The company has an option to extend the contract to operate the plant for a further 20 years.
Veolia said the contract was awarded by Marafiq, a Saudi water and electricity services operator.
The Sadara project at Jubail Industrial City II is a joint venture between US-headquartered Dow Chemical and chemical producer Saudi Aramco.
($1 = €0.77)
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