Spanish contractors to build facility at Ibn Sina complex in Jubail
The local National Methanol Company (Ibn Sina) has awarded Spains Intecsa Industrial and Dragados Industrial the contract to build a $400m polyacetal plant at its complex in Jubail in the Eastern Province.
MEED reported in June that international contractors submitted bids for the engineering, procurement and construction (EPC) contract in the fourth quarter of 2012, but a decision had not yet been made.
The plant will have a capacity of 50,000 tonnes a year (t/y) when completed in 2015. Polyacetal is a performance chemical product used in the automotive industry.
Ibn Sina is a joint venture of Saudi Basic Industries Corporation Sabic and the CTE. The original methanol plant has been in operation since 1984, but has undergone a series of expansions.
In a statement, Sabic said the advantages from the new product are anticipated to be directly reflected in the development of Saudi Arabias downstream manufacturing sector.
The complex currently produces 950,000 t/y of methanol and 750,000 t/y of methyl tertiary butyl ether (MTBE). MTBE is used almost exclusively as an additive for gasoline.
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