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A three-strong consortium comprising the Swedish/local Midroc, and House of Invention and Sara Development Company, both local, are planning to develop an estimated $5,000 million olefins complex in Jubail. The three are also planning an estimated $1,000 million downstream scheme at the same location. The proposed olefins complex will comprise: a 1.3 million-tonne-a-year (t/y) ethane/ propane cracker and various downstream units. The project’s feasibility study has been completed by US-based CMAI and the consortium is now in negotiations with the Petroleum & Mineral Resources Ministry over the feedstock allocation, on which a decision is expected soon. ‘This is the main bottleneck,’ says a source close to the project. ‘We will proceed with awarding the project management consultancy [PMC] contract, technology licensing and kick off the tendering for the engineering, procurement and construction [EPC] packages once and if the allocation is approved.’