Al-Zamil Group of Saudi Arabia and Holland’s Basell Holdings have signed a Memorandum of Understanding (MoU) to establish a Propylene-Polypropylene Complex in Jubeil Industrial City.
The initial investment for the new facility is estimated at $550 million and the mechanical completion of the plant is set for 2007. The implementation of the project is subject to the necessary corporate approvals of both parties.
The complex will produce 450,000 metric tons per year of polypropylene using Basell’s Spheripol process technology, stated a press release. The propylene feedstock for the PP plant will be sourced from a propane dehydrogenation plant based upon the UOP Oleflex process.
The propane feedstock and the manufacturing site have been allocated from Saudi Aramco and the Royal Commission respectively. The selection of an EPC Contractor will be done in the next phase of the project. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
