Saudi Kayan Petrochem bids revised

Saudi Kayan Petrochemical Co., a unit of Saudi Basic Industries Corp. (Sabic), has received revised bids from four international firms including US-based Fluor Corp to build its petrochemical plant in the kingdom, Reuters has reported. South Korea's Hyundai Engineering and Construction, Daelim Industrial Co and Taiwan's CTCI also bid for the 210,000 tonne per year amines plant, being developed by Kayan. The mega complex will have an annual production capacity of six million tonnes of petrochemicals including ethylene, propylene and ethylene glycol from 16 plants. The contract is expected to be awarded by the end of February, an industry source told the news service.