SABIC unit awarded US$400 mln contracts for new storage, handling, shipping terminal at port in Jubail

19-Nov-12

Jubail Chemicals Storage and Services Company (JCSSC), a unit of Saudi Basic Industries Corporation (SABIC) has awarded contracts for a new storage, handling and shipping terminal at King Fahd Industrial Port in Jubail, at an estimated investment of US$400 mln. JCSSC is a 75:25 joint venture between SABIC and Vopak. The engineering, procurement and construction contracts have been awarded to China National Chemical Engineering Corporation (CNCEC). The project will enable the continued growth of the petrochemical and downstream industries in Saudi Arabia. Upon being commissioned in early 2015, the storage capacity of the terminal will be approximately 250,000 cubic meters. The first phase will consist of around 40 commodity and specialty chemical storage tanks, complete with truck handling and ship loading facilities for five berths.