SABIC-Technip Italy JV for ethylene & PP plant at Yanbu
08 Dec '05
2 min read
Chemicals and intermediates maker Saudi Basic Industries Corporation (SABIC) signed a contract with Technip Italy for the engineering, procurement and construction of an ethylene and propylene (PP) plant at the YANSAB Complex in Yanbu Industrial City, on the Red Sea coast of Saudi Arabia.
On Monday (December 5, 2005) SABIC signed a contract with Japanese Toyo Engineering Corporation (TEC) for the engineering, procurement and construction of an Ethylene Glycol plant at the same site.
The two contracts were signed by Yousef Al-Zamel, Vice President, Basic Chemicals, and Chairman of YANSAB on behalf of SABIC, Mr. Nello Uccelletti, CEO, Middle East and South East Asia on behalf of Technip Italy and Mr. Kenji Soejima for TEC in the presence of Mr. Mohamed Al-Mady, SABIC Vice Chairman and CEO and Mr. Yutaka Yamada, TEC President & CEO.
Mr. Al-Mady stated that the signing of these two contracts is a significant boost towards the major implementation of operations at the YANSAB affiliate which is expected to become one of the world's largest petrochemical industrial complexes. It will enhance SABIC's competitive capabilities with production starting in 2008.
YANSAB is the most recent SABIC affiliate in Saudi Arabia and will be the company's largest petrochemical complex with an annual capacity exceeding 4 million metric tons (MT) of various petrochemical products including: 1.3 million MT of Ethylene; 400,000 MT of Propylene; 900,000 MT of Polyethylene; 400,000 MT of Polypropylene; 700,000 MT of Ethylene Glycol; 250,000 MT of Benzene, Xylene and Toluene, and 100,000 MT of Butene-1 and Butene-2.
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