Foster Wheeler Ltd.'s subsidiaries Foster Wheeler Energy Limited and Foster Wheeler Arabia, Ltd. have been awarded an engineering, procurement and construction (EPC) contract by Rabigh Refining and Petrochemical Company (PETRORabigh) for the utilities and offsites of PETRORabigh's world-scale, integrated refining and petrochemical complex at the Red Sea town of Rabigh, Saudi Arabia. PETRORabigh is a joint venture between Saudi Aramco and Sumitomo Chemical Co. Limited. Construction will commence during the Q1-2006 and the project is planned for completion in 2008.
Saudi Aramco's existing refinery and infrastructure at Rabigh will serve as the base platform for this major development. When completed, this will be one of the largest integrated refining and petrochemical projects ever to be built. A total of 2.4 million tons of petrochemical, along with large volumes of gasoline and other refined products, will be produced. A new high-olefins fluid catalytic cracker complex is being integrated with a world-scale, ethane-based cracker, producing approximately 1.5 million tpa of ethylene, 900,000 tpa of propylene, and 60,000 bpd of gasoline as well as other refined products. Downstream units will convert all of the olefin production into petrochemical products, such as linear low-density polyethylene, high-density polyethylene, polypropylene, propylene oxide and mono ethylene glycol.
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