Under the terms of the lump-sum engineering, procurement and construction contract, the consortium will build the 27,000-tonne-a-year ethylene amines complex over a period of 24 months (MEED 3:12:07).

The Hyundai and Hanwha team beat competition from CTCI of Taiwan, and a joint venture of Aker Kvaerner of Norway and Sinopec of China to win the deal, which is worth an estimated $200m (MEED 10:8:07).

Arabian Amines is an equal joint venture of Zamil Group from Saudi Arabia and Huntsman Corporation of the US.

Huntsman will license its technology for the plant and will be the exclusive sales and marketing agent for the venture’s output, much of which will be sold in Asia.