Two world scale polyethylene plants are slated for construction at Saudi Arabia’s Jubail petrochemical complex. The stakeholders in the venture are project leader Tasnee Petrochemicals (National Petrochemical Industrialisation Company), Sipchem, Sahara Petrochemicals and Basell. Basell will hold a 25% stake in the complex to be built around a gas cracker, to include one HDPE and one LDPE plant with a combined capacity of 400,000 tpa. Basell’s Hostalen HDPE and Lupotech LDPE technology will be used for the two plants, with each of the plants being the biggest ever constructed using these technologies.
This JV follows the success of Basell and Tasnee Petrochemicals cooperation in Saudi Polyolefins, a 450kt polypropylene joint venture in Saudi Arabia. Basell, which is shortly to be sold, is Europe’s largest PE producer.