The local/US Sadara Chemical Company has extended the bid deadline for the engineering, procurement and construction (EPC) contract for the main tank farm package at its proposed $20bn complex in Jubail.

Sadara, the new name for the joint venture between Saudi Aramco and the US’ Dow Chemical Company, has now asked for submissions to be made for the package in early October.

“This has been pushed back until October now,” says a source familiar with the project. “It’s a large package for a tank farm and there are a lot of companies interested.”

The tank farm project, which will be used for the storage of the petrochemicals produced at the complex, will be separated into three packages. The main package will cover the main site and have 40 tanks with all associated facilities (MEED 15:4:11).

The second package will cover two cryogenic tanks with associated facilities, while the third package covering 34 tanks and associated facilities being built at the port.

The total budget for all three tank farm packages is believed to be in excess of $1bn. A decision is due by the end of 2011/early 2012 with a completion date set for early 2015.   

The companies bidding for the main tank farm contract include:

• Chicago Bridge & Iron (US)
• Daewoo Engineering & Construction (South Korea)
• Hyundai Engineering & Construction (South Korea)
• Larsen & Toubro (India)
• Petrol Steel (Singapore/local)
• Punj Lloyd (India)
• Samsung Engineering (South Korea)
• Sinopec Engineering Incorporated (China)
• SK Engineering & Construction (South Korea)