The Taweelah plant will have capacity of 1.4m tonnes a year when it is complete.
However, Adbic’s chief operating officer Jim White says its plant “will be at least as big as the one at Taweelah”.
Negotiations are in the final stages between Adbic and Australia’s Rio Tinto to establish a joint venture to develop the project, which will consist of three phases each with a capacity of 700,000 tonnes a year. The first phase is expected to cost $5bn.
US-based Bechtel conducted the engineering studies for the smelter. Germany’s Fichtner designed the power generation element. The Royal Bank of Scotland is acting as the financial adviser (MEED 27:10:06).
You might also like...
Lunate acquires 40% stake in Adnoc Oil Pipelines
26 April 2024
Saudi Arabia's Rawabi Holding raises SR1.2bn in sukuk
26 April 2024
Iraq oil project reaches 70% completion
26 April 2024
Samana announces $272m Dubai Lake Views project
26 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.