SINGAPORE (ICIS)--Saudi Arabia's Sadara Chemical Co is on track to complete the construction of its chemical complex in Jubail Industrial City by the middle of 2015, with full operations expected in the following year, the company’s CEO said on Thursday.
“We are currently almost halfway through construction,” Sadara CEO Ziad Al-Labban said at an investors' webcast.
Sadara is a joint venture between Saudi Aramco and US petrochemicals major Dow Chemical.
The company completed raising the required financing for the $19.3bn complex in the middle of last year, Al-Labban said.
The complex, which will be the world’s largest to be built in a single phase, is expected to be “ready to operate” in the second half of 2015.
“We will be fully operational in 2016,” Al-Labban said.
As of end-February 2014, construction of the complex’s utilities units was nearly 70% complete, while the main mixed-feed cracker and polyethylene (PE) units are both 68% complete, according to another company official during the webcast.
Comprising 26 manufacturing units, the Sadara complex - the first in the Middle East to use refinery liquids like naphtha as feedstock - is expected to produce more than 3m tonnes/year of high value-added chemical products and performance plastics.
The complex will include a world-scale cracker and production units for polyurethanes (isocyanates and polyether polyols), propylene oxide (PO), propylene glycol, elastomers, linear low density polyethylene (LLDPE), low density polyethylene (LDPE), glycol ethers and amines.
Sadara will market and sell its products to the Middle Eastern market, while Dow will market and sell about 80% of what the Saudi producer will offer to the rest of the world, a third company official said during the webcast.