Bidders prepare offers for butene-1 project

11 April 2003
At least three companies are gearing up to submit commercial bids by 19 April to Saudi Basic Industries Corporation (Sabic)subsidiary Arabian Petrochemical Company (Petrokemya)for the contract to build a new butene-1 unit. The facility will complement two existing units at Petrokemya's Jubail complex.

Companies bidding for the engineering, procurement and construction (EPC) contract to build the 125,000-tonne-a-year butene-1 plant are understood to include Japan's Toyo Engineering Corporation, South Korea's Samsung Engineering Corporationand the US' Mustang Engineering.

Technical bids for the estimated $40 million-50 million project were submitted in early April.

The plant will complement the two butene-1 units, each with capacity of 50,000 t/y.

The Petrokemya complex, which started production in 1985, also comprises three olefins units, producing ethylene, propylene, polystyrene and butadiene.

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