Technip has signed a Letter of Intent with Saudi Basic Industries Corporation (SABIC) for the construction of ethylene and propylene plants at the Yansab complex in Saudi Arabia. The contract awarded on a a lump sum turnkey basis, will be executed by Technip's Rome-based engineering center, and covers basic and detail engineering, procurement and supply of materials, construction, precommissioning, commissioning and training of owner's personnel. The construction of the facilities will be handled by Technip Saudi Arabia.
This project will be instrumental in SABIC's ambitious plan to significantly increase production of basic petrochemicals, intermediates and polymers by 2008. The plant will have a production capacity of 1.3 million mta of ethylene and 400,000 mta of propylene. These world-scale gas cracking furnaces will handle both ethane and propane feedstocks. The plant will be based on Technip's in-house technology and the proprietary SMK(R)(1) cracking furnaces will be provided by Technip Benelux.
18-May-05 
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