Saudi Basic Industries Corporation (SABIC) has awarded a Lump Sum Turnkey Contract for the Engineering, Procurement and Construction of an Ethylene Glycol (EG) Plant to Toyo Engineering Company of Japan.
EG is the primary feedstock for polyester manufacturing. It is used in anti-freeze, marine engines, x-rays and luggage. The plant will be constructed at Jubail United Petrochemical Company (UNITED) in Saudi Arabia, stated a press release. It will have capacity of 630,000 metric tons per year (mt/y) and is expected to go on stream by the second quarter of 2006. This is in addition to the existing 575,000 mt/y EG plant that is currently under construction at UNITED.
By 2006, SABIC's total EG production is expected to reach 3.5 million mt/y – meeting over 20 percent of global demand. Out of this, 1.5 million tons will be produced at the Eastern Petrochemical Company, Al-Jubail; 1.2 million tons at UNITED and 800,000 tons at the Saudi-Yanbu Petorchemical Company.
Based in Riyadh, Saudi Arabia, SABIC was founded in 1976, when the Saudi Government decided to use hydrocarbon gases released in the production of oil as raw material for the production of chemicals, polymers and fertilizers. SABIC has two large industrial sites in the Kingdom with sixteen production complexes. — (menareport.com)
© 2004 Mena Report (www.menareport.com)
