Saudi Kayan awards amines plant deal
Riyadh, January 19, 2010
Saudi Kayan Petrochemical Company said on Tuesday it has awarded Taiwan's CTCI Corp a deal to manage the construction of a 210,000 tonne per year (tpy) amines plant at its mega complex.
Mutlaq al-Morished, Kayan's chairman, told Reuters that CTCI won the contract but did not give the value of the deal.
Under the deal, awarded last week, CTCI will manage the engineering, procurement and construction (EPCM) for the plant, a source close to the deal told Reuters earlier on Tuesday.
The amines plant was one of two projects Kayan retendered. The other project was for a low density polyethylene plant.
South Korea's Daelim Industrial Company won the low density polyethylene project. US Fluor Corp, South Korea's Hyundai Engineering and Construction and Daelim Industrial Company also bid for the amines project.
Kayan is 35 per cent owned by Saudi Basic Industries Corp (Sabic). The main units of the mega complex located in Jubail, on the Gulf coast, are expected to start operations in the second half of 2010.
The complex will have annual production capacity of 6 million tonnes of petrochemicals including ethylene, propylene and ethylene glycol.-Reuters
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