Abu Dhabi National Oil Company (Adnoc) is set to make its final investment decision (FID) on its new gasoline and aromatics plant (GAP) project by the end of the year, according to a senior Adnoc executive.
The Abu Dhabi energy major is awaiting technical proposals for the engineering, procurement and construction (EPC) contract for the estimated $2.5bn project. Pre-qualified contractors are to submit the technical bids by 6 September.
“We are expected to make the final investment decision by the year-end or early next year,” the Adnoc official said.
MEED had earlier reported that the commercial bid submission for the EPC job is 6 November.
Under current plans the GAP facility will have the capacity to produce 4.2 million tonnes a year (t/y) of gasoline and 1.6 million t/y of aromatics.
The integrated production complex, will include light and heavy naphtha hydrotreater units, light naphtha isomerisation units, and two heavy naphtha reformer units.
It will also include an aromatics extraction unit as well as paraxylene and benzene production units.
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