Samsung Engg awarded US$341 mln contract for PP plant at Al-Jubail

22-Feb-08
Samsung Engineering has been awarded an additional procurement and construction contracts by Saudi Kayan Petrochemical. The contract, worth US$341 mln is to build a polypropylene (PP) plant as part of a new petrochemicals complex at Al-Jubail. The 350,000 tpa project, which would be based on Basell's technology, would be completed by the end of August 2009. The PP plant will form part of Saudi Kayan's US$10 bln petrochemicals complex at Al-Jubail, which is slated to make 4 mln tpa of chemicals, including propylene, PP, ethylene glycol and butane-1. The previous US$49 mln engineering contract for the project had been converted to a lumpsum turnkey basis. This is the first of seven projects at Kayan to be converted. Saudi Basic Industries Corp (SABIC) owns a 35% stake in Saudi Kayan, while Kayan has 20%. The remaining 45% is held by public shareholders.
  More News  Post Your Comment
{{comment.Name}} made a post.
{{comment.DateTimeStampDisplay}}

{{comment.Comments}}

COMMENTS

0

There are no comments to display. Be the first one to comment!

*

Name Required.

*

Email Id Required.

Email Id Not Valid.

*

Mobile Required.

Email ID and Mobile Number are kept private and will not be shown publicly.
*

Message Required.

Click to Change image  Refresh Captcha
Complete Herbert Olbrich cushion vinyl flooring line

Complete Herbert Olbrich cushion vinyl flooring line