Petrochemicals complex in Jubail is on schedule despite move from Ras Tanura
Saudi Aramco and the US’s Dow Chemical Company have said that their $15bn-plus petrochemicals joint venture is moving ahead.
The plant will be centred around an ethylene facility that will be capable of producing 1.3 million tonnes-a-year (t/y) of ethylene and 400,000-t/y of propylene.
MEED reported in March that the partners were considering a site change for the complex and in April confirmed the move to Jubail Industrial City 2 in Saudi Arabia’s Eastern Province as part of changes to $30bn of downstream projects in the kingdom. The biggest impact of the decision was the cancellation of Aramco’s plans for an $8bn expansion of the existing Ras Tanura refinery.
The move was part of a wider review of the project, covering scope and construction costs. To date, design and planning costs have topped $700m.
Aramco and Dow did not issue a statement saying that construction work will start on the project in 2012, as reported by MEED on 12 September.
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.