Japan's JGC Corp has inked a deal for expansion of ethane cracker for the Rabigh II petrochemicals complex owned by Saudi Aramco and Japan's Sumitomo Chemical, as per Reuters. The contract is valued at approximately US$100-200 million, as per a source.
Aramco and Sumitomo have taken longer than expected to pick contractors for the Rabigh II petrochemical expansion project, which is expected to cost around US$7 bln. JGC's deal is the latest to be awarded. South Korea's GS Engineering and Construction and Daelim Industrial, Italy's Saipem and Britain's Petrofac have all signed contracts to build the second phase of the complex in Rabigh, on the Red Sea coast of Saudi Arabia.