19 November 2013 08:50 [Source: ICIS news]
By Tahir Ikram
DUBAI (ICIS)--Sadara Chemical has attracted 20 companies with plans to set up downstream plants near its petrochemical complex in Jubail, Saudi Arabia, a company executive said on Tuesday.
Sadara’s Jubail complex – a joint venture between US’ Dow Chemical and Saudi Aramco – is a fully integrated project and is the first in the world being built in just one phase, Sadara Chemical CEO Ziad S Al-Labban told ICIS at the sidelines of the 8th annual Gulf Petrochemicals and Chemicals (GPCA) Forum in Dubai.
The 20 companies are keen on building plants that will derive raw materials from Sadara’s petrochemical complex, Al-Labban said.
Construction of the Sadara project is progressing well, he said, with two thirds of the staff needed for the project already hired.
Sadara’s chemical complex in Jubail Industrial City II in Saudi Arabia will comprise 26 world-scale manufacturing units and will be the first in the Middle East to use refinery liquids, such as naphtha, as feedstock.
Project start-up is planned for mid-2015, with full operation of the petrochemical complex expected in 2016, Sadara had said in an earlier statement.
Upon completion, Sadara will produce 210,000 tonnes/year of amines; 200,000 tonnes/year of glycol ethers; 70,000 tonnes/year of propylene glycol; 390,000 tonnes/year of polyether polyols; 400,000 tonnes/year of methyl di-p-phenylene isocyanate (MDI).
The project will also produce 200,000 tonnes/year of toluene di-isocyanate (TDI); 750,000 tonnes/year of solution polyethylene; 350,000 tonnes/year of low-density polyethylene (LDPE); and 220,000 tonnes/year of elastomers.
Overall financing for the project has exceeded $12.5bn ($9.3bn), with 84% of the total secured in June this year.
“This is the largest financing done in the Middle East [for a petrochemical project],” Al-Labban said.
The GPCA Forum starts on Tuesday and will end on Thursday.
($1 = €0.74)
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