saudi kayan awards hdpe plant construction contract to the chinese huanqiu company
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The Saudi Basic Industries Corporation (SABIC) affiliate, the SAUDI KAYAN Petrochemical Company (SAUDI KAYAN) signed on April 30, 2007 a Letter of Award (LOA) with the Chinese HUANQIU Contracting & Engineering Corp. (HQCEC) for the construction of a new High Density Polyethylene (HDPE) plant at its complex in Al-Jubail Industrial City.
The LOA was signed by Abdullah Al-Rabea’a, President SAUDI KAYAN, in the presence of Mansour Al-Kharboush, Vice President, Shared Services, and Mazyad Al-Khaldi, General Manager SABIC, E&PM.
The HDPE plant’s annual capacity will be 400K tons. SAUDI KAYAN, which will go on stream in 2010 , will have an annual production capacity of about 5.6 million metric tons of petrochemical and chemical products.
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