Tasnee awards titanium plant

27 April 2015

Asian firms pick up contract for Yanbu facility

  • Budget is $290m
  • Commissioning to start in 2017
  • Plant will use Japanese technology

The local National Industrialisation Company (Tasnee) has awarded an engineering, procurement and construction (EPC) contract for its $290m titanium sponge plant to Taiwan’s CTCI and Japan’s Chiyoda Corporation.

The plant will be operated by the National Titanium Dioxide Company (Cristal), a subsidiary of Tasnee, and will be constructed next to Cristal’s existing operations at Yanbu on the Red Sea coast. Commissioning is scheduled to begin in early 2017 with commercial operations starting in the third quarter of that year. The capacity of the scheme will be 15,600 tonnes a year.  

The complex will be a joint venture between Tasnee, Cristal and Japan’s Toho, which is providing the technology. Tasnee and Cristal will each retain a 32.5 per cent stake while Toho will have a 35 per cent share.

Stay informed with the latest in the Middle East
Download the MEED app today, available on Apple and Android devices

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.

Get Notifications