54. Sipchem Jubail Petrochemicals Complex (Phase III)
Project Overview
One of several new petrochemicals plants
destined for Jubail, this facility will include an ethane/propane cracker, which will provide feedstock for the production of a vinyl acetate monomer unit.
The development will also have an associated 1,650-tonne-a-day ammonia plant.
Project Analysis
Project finance in Saudi Arabia: Slow off the blocks
Saudi Arabia is potentially the biggest project finance market in the region, but things are moving slower than many had hoped
News
Lurgi to build mega CO unit
Germany's Lurgi has received a letter of intent for the contract to build the carbon monoxide (CO) unit and purification plant to serve the Saudi International Petrochemical Company (Sipchem) Jubail acetyls complex. The estimated $200 million contract, which will be let on a lump-sum turnkey (LSTK) basis, is expected to be signed soon. Construction will take 32-33 months.
Key Facts
Client: Saudi International Petrochemical Company
Sector: Petrochemicals
Stage: EPC Bid
Budget: $7.6bn
Completion date: Q4 2013
Location: Saudi Arabia
MEED Projects
