Revised bids received by Saudi Kayan from 4 international firms

11-Jan-10
Saudi Kayan Petrochemical Co., a unit of Sabic, has received revised bids from four international firms to build a 210,000 tpa amines plant. Bids were revised by US-based Fluor Corp., South Korea’s Hyundai Engineering and Construction, Daelim Industrial Co and Taiwan’s CTCI for the contract to be awarded in February. The other project that was retendered was a low density polyethylene plant for which, a preliminary agreement signed in December with Daelim. The mega complex will have an annual production capacity of 6 mln tons of petrochemicals including ethylene, propylene and ethylene glycol from 16 plants. The main units of the mega complex located in Jubail, on the Gulf coast are expected to start operations in the second half of 2010.
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