Daelim wins $960m Jubail olefins deal

17 December 2007
South Korea’s Daelim Industrial Company has won the $960m polyolefins package on the Jubail petrochemicals complex, awarded by National ChevronPhillips Company, a joint venture between the US oil major and a local investor.

Daelim will build a 550,000-tonne-a-year (t/y) linear low-density polyethylene unit, a high-density polyethylene unit of the same size, a 400,000-t/y polypropylene plant and a polystyrene facility.

Tecnimont, an Italian company, was the only other bidder.

Daelim will finish the complex in April 2011.

Parsons E&C, part of Australia’s WorleyParsons, is the front-end engineering and design, and project management consultant.

Japan’s JGC Corporation is in line to win the estimated $1bn cracker contract at the plant, which covers the construction of a 1.2 million t/y mixed feedstock cracker (MEED 16:11:07).

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