Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.
The mid-February deadline for the olefins 12 complex at Assaluyeh has been put back indefinitely to give bidders more time to prepare their proposals. The delay is symptomatic of the current state of play in the petrochemicals sector, where difficulties in attracting foreign finance and the changeover in senior management at National Petrochemical Company (NPC) have seen project development slow significantly (MEED 16:12:05). The engineering, procurement and construction (EPC) package on olefins 12, set to be the world’s largest standalone unit of its kind, is expected to be worth around $1,000 million. The liquid cracker will have capacity of 1.9 million tonnes a year (t/y). Prospective bidders include Paris-based Technip, Germany’s Linde, the UK’s Shaw Group and China’s Sinopec. Appetite for the project is understood to be high, but tempered by the already heavy workbooks of international contractors.