Under the terms of the lump-sum turnkey engineering, procurement and construction contract, the consortium will build the 30,000-tonne-a-year complex over a period of 24 months.
The Hyundai/Hanwha team beat competition from Taiwan-based CTCI and a joint venture of Oslo-based Aker Kvaerner with China’s Sinopec to win the deal, which is worth an estimated $200 million (MEED 10:8:07).
The scope of work covers plants to produce ethylenediamine, diethylenetriamine, triethylenetetramine and higher molecular versions. The speciality intermediates will serve as end products in the production of epoxy curing agents, bonding agents and lube oil additives for gasoline and diesel engines (MEED 9:3:07).
The US’ Jacobs Engineering is project management consultant and has carried out the front-end engineering and design (Feed) on the outside battery limits. Fellow US firm Burns & McDonnell Engineering is the inside battery limits FEED contractor.
Arabian Amines is a 50:50 joint venture of the local Zamil Group with the US’ Huntsman Corporation. The latter will license its technology for the plant and will also serve as the exclusive sales and marketing agent for the venture’s output, much of which will be sold in Asia. Commissioning is scheduled for 2009.
The contract would complete a very successful year for Hanwha. Earlier this year, it won an estimated $500 million contract to build the second-phase aromatics plant in Yanbu, planned by the local Safra Company. It also recently received a letter of intent from the Saudi Arabian Mining Company (Maaden) to build the Ras al-Zour power and desalination plant (MEED 29:11:07).