A consortium of South Korea's Samsung Engineering Company and Germany's Linde has been awarded an EPC contract for an acrylic acid complex in Saudi Arabia. The complex is to be built at an estimated cost SR4 bln (US$1.1 bln).
Tasnee Sahara Olefins Co (TSOC) - a joint-venture of Tasnee and Sahara Petrochemicals Company, own 75% of the complex and 25% belongs to US-based Rohm and Haas. Rohm and Haas will provide the technology for the complex and will market its annual production 230,000 tons of acrylic acid and derivatives. Feedstock propylene will be provided by Saudi Ethylene and Polyethylene Co. Production is expected to commence by Q1-2013.