当社サウジアラビア法人がエチレン設備増設プロジェクトを受注
日揮は、当社のサウジアラビア法人であるJGCガルフ・インターナショナル社が、サウジアラビア国営石油会社(サウジアラムコ社)と住友化学(株)がサウジアラビアで推進する、ラービグ第2期計画向けエチレン製造設備の増設プロジェクトを受注しましたので、お知らせします。
プロジェクトの詳細は以下の通りです。
1. 顧客名： 住友化学株式会社
サウジアラビア国営石油会社(Saudi Arabian Oil Company)
(通称: サウジアラムコ社 - Saudi Aramco)
2. 受注者名： JGCガルフ・インターナショナル社
(JGC Gulf International Co., Ltd: 日揮100%出資のサウジアラビア法人)
3. 建設地： サウジアラビア王国ラービグ地区
4. 契約内容： エチレン製造設備増設(年産30万トン)に係る設計、機材調達、建設工事(EPC)役務
5. 契約形式： ランプサム(一括請負)契約
6. 受注金額： 非公表
7. 納期： 2015年
8. プロジェクトの概要：
石油化学製品の世界的な需要の高まりを受け、サウジアラムコ社と住友化学株式会社の合弁会社であるラービグ・リファイニング・アンド・ペトロケミカル・カンパニーは、サウジアラビアのラービグ工業地帯で石油精製・石油化学コンプレックス事業(ラービグ第1期計画)を運営し、これに続いてサウジラムコ社と住友化学は、ラービグ第1期計画の大規模拡張計画(ラービグ第2期計画)を進めております。
今般、JGCガルフ・インターナショナル社が受注したエチレン製造設備増設プロジェクトは、日揮が2008年に建設した第1期計画のエチレン製造装置(年産130万トン)を年産160万トンに拡大するための設備を増設するものであり、ラービグ第２期計画の中核装置の一つとして、その下流には多数の化学品製造設備が連なる非常に重要度の高い設備となります。
さらに、住友化学株式会社とサウジアラムコ社の最重要プロジェクトであるラービグ第2期計画に対し、事業化調査に係るプロジェクト・マネジメント・サービス業務に引き続き、日揮グループが参画できることは大変光栄なことであり、価値あることと考えております。
サウジアラビアは、近年自国の産業多角化と自国民の雇用促進政策を積極的に推進しています。このような中、当社は2008年に同業他社に先駆けて同国にEPC(設計:
Engineering、調達: Procurement、建設: Construction)子会社としてJGCガルフ・インターナショナル社を設立し、これまで現地のニーズに対応しながら着実に実績を重ねてきました。
本プロジェクトの入札においては、顧客はEPC役務を一貫して遂行できるサウジアラビア国内(IK (Inside of Kingdom) EPC)企業が参画することを強く望んでいました。今回の受注は、JGCガルフ・インターナショナル社の現地での実績とプロジェクト遂行能力、さらに価格競争力が高く評価されたものと考えております。
また、JGCガルフ・インターナショナル社が現地で一貫してプロジェクトを遂行していくことは、正にサウジアラビアの国家戦略と当社の企業戦略とが合致したものであり、両者にとって大変意義深いプロジェクトとなります。
当社は現在、中期経営計画「NEW HORIZON2015」において、海外EPC子会社の強化・拡大を推進しており、本プロジェクトの遂行を通して、JGCガルフ・インターナショナル社のプロジェクト遂行能力のさらなる向上を図って行く予定です。
2012/12/20 Arabian Supply Chain
Rabigh Petrochemical Logistics opens new Saudi facility
Rabigh Petrochemical Logistics (RPL) announced the
opening of its new regional warehouse in Rabigh last week.
The new warehouse is located at Rabigh Plus Tech Park
in Rabigh (RPTP). The opening ceremony was attended by top officials of
PetroRabigh, various clients in RPTP, as well as executives from Almajdouie and
the Sumitomo Warehouse Co. management team.
Rabigh PlusTech ParkはSaudi Aramcoと住友化学がスポンサーとなって PetroRabigh に建設するプラスチック加工団地で、面積は240ヘクタール（うち70ヘクタールは用役、物流、共通施設用地）。
The total area for RPL is 30,000sq.m. with an
area of 13,000sq.m. covered warehouse built with storage space and 300sq.m.
temperature controlled warehouse. In addition, there is also around 5,000sq.m.
of open sky storage and two container docking stations. The warehouse is made
with world class safety and security standards which ensure handling of the
products with great care. Presently, RPL annually handles 1.6 million tonnes of
materials inside PRC warehouse, of which, 8% to 12% is expected to be handled in
RPTP. Aside from this new warehouse, RPL is also operating its existing
warehouse facility in Riyadh.
This investment demonstrates RPL’s commitment to offer broad and innovative
logistics solutions to its long term strategic customers. With this new setup,
RPL is looking forward to provide total logistics solutions to its major client
PetroRabigh, as well as other potential customers in RPTP.
RPL has already started working with other major RPTP tenants like ASTRA(Arab
Supply and Trading Co.), SPCS (Sumitomo Chemical Polymer
Compounds Saudi Arabia) and AJMC (Arabian Japanese Membrane Company).
サウジアラビアでは住友化学 55%、東洋インキ 45%出資で Sumika Polymer Compound Saudi Arabia を設立し、PetroRabighプラントに隣接するRabigh Conversion Industrial Park (Rabigh Plus Tech Parkと改称）で年産10,000トンののＰＰコンパウンド設備を建設する。
アジア、アフリカ、欧州等の市場に向けて、原料から一貫した生産体制を構築する。2008/6/27 住友化学、サウジでPPコンパウンドを生産
AJMC
社名 ：Arabian Japanese Membrane Company, LLC
出資者：Arabian Company for Water & Power Development 49%
東洋紡 36.1%
伊藤忠 14.9%
場所 ：ラービグ
設立 ：2010/3
事業 ：海水淡水化用逆浸透膜エレメントの製造・販売
|
Rabigh Refining and Petrochemical Company (Petro Rabigh) announces the signing of an agreement with the Founding Shareholders, Saudi Aramco Company and Sumitomo Chemical Company, that enhances its business and financial performance.
Rabigh Refining and Petrochemical Company (Petro Rabigh) announces that on Thursday, December 12th, 2013 the Company signed an agreement with the Founding Shareholders, Saudi Aramco Company and Sumitomo Chemical Company, that enhances its business and financial performance.
Per the agreement, Saudi Aramco Company supplies Petro Rabigh with 50 million cubic feet, or its equivalent, of methane gas per the local market price, until the completion of the main gas network in Rabigh area and the allocation of the required amount of gas to Petro Rabigh through the appropriate regulatory authorities in the Kingdom.
In addition, the Founding Shareholders shall
equally handle international marketing of Petro Rabigh’s
products.
* Previously, Saudi Aramco marketed refined
products for PetroRabigh while Sumitomo Chemical handled chemicals.
Further, they are committed to reducing
marketing commission by about one-third of current rates.
Also, the marketing commission for Petro Rabigh ’s refined
products has been cancelled.
This Agreement shall take effect
retroactively as of April of this year, 2013.
The agreement is likely to have a positive impact on the Company's revenues by
approximately one billion Saudi Riyals(* $267 million) this year and one billion
three hundred million Saudi Riyals per year in the coming years per the current
outlook of prices and production levels.
The agreement will be reviewed and evaluated by all parties after five (5) years from the date.
-----------
Aramco Trading Starts Selling Petro Rabigh Chemical Products 上記参照
Saudi Aramco Products Trading Co., the fuel
marketing unit of Saudi Arabia’s state oil producer, started selling products of
an affiliated petrochemicals maker.
Aramco Trading will sell products including polypropylene and polyethylene made
by Rabigh Refining & Petrochemicals Co., according to a statement on the state
oil company’s website today. The company began physical deliveries of the first
chemical products today, it said.
Saudi Arabian Oil Co., the world’s largest oil exporter, owns all of the
marketing unit and 37.5 percent of the refinery, known as Petro Rabigh. Sumitomo
Chemical Co. holds an equal share in Petro Rabigh, with the remainder traded on
the stock market. The partners will sell equal amounts of Petro Rabigh’s
products, according to a Petro Rabigh statement today.
Persian Gulf oil producers such as Saudi Arabia are boosting chemical output to
diversify their economies away from reliance on crude sales for revenue by
selling finished products like transport fuels and plastics. Aramco and Sumitomo
plan to expand the Petro Rabigh plant and Aramco is building additional chemical
capacity at Jubail on the Gulf.
Append Announcement from Rabigh Refining and Petrochemical Company (Petro Rabigh) Regarding the Start of Terminating the Services of Rabigh Arabian Water & Electricity Company (RAWEC)
With reference to the announcement of Petro Rabigh on September 18th, 2013 regarding the start of terminating the services of Rabigh Arabian Water & Electricity Company (RAWEC), Petro Rabigh announces that yesterday, Tuesday, December 31st, 2013 it reached a preliminary agreement for a comprehensive settlement with Rabigh Arabian Water & Electricity Company (RAWEC), the main supplier of power and utilities for the Company.
PetroRabigはRAWECの停電事故でしばしば操業を停止、大損害を出しており、契約停止を通告していた。
なお、これまではRAWECからのみ、電力を受けていたが、昨年の停電のあと、全国電力網に接続、仮にRAWECが停電してもPetroRabighは影響を受けない体制に変更したという。
The settlement agreement includes a financial
package of more than 1 billion Saudi Riyals which
RAWEC is committed to fund, and which is distributed as follows:
750 million Saudi Riyals in cash upon signing the
final agreement,
190 million Saudi Riyals as reduction in the value
of future rate throughout the remaining period of the concession contract of
Build, Operate and Own (BOO),
and approximately 250 million Saudi Riyals as
capital investment to improve the reliability of the utilities supply network.
１SARは0.2666米ドル
Until the execution of the final settlement agreement, Petro Rabigh, under this preliminary agreement, will suspend for 3 months the previous notification that was sent to RAWEC on Wednesday, September 18th, 2013 where Petro Rabigh expressed its desire to terminate the agreement of power and water supplies with RAWEC. However, this preliminary agreement provides a promising opportunity to settle this issue for the interest of both parties.
Saudi Aramco, Sumitomo face higher costs for petrochemical plant expansion
The expansion plan, which aims to increase output from the plant as well as introduce higher-margin products, was originally estimated to cost around $7 billion.
But in a stock exchange filing on Wednesday, PetroRabigh said: "Total investment in the project is around 32 billion riyals according to current forecasts."
The statement did not give any reason for the change in price, but said the project - situated on Saudi Arabia's Red Sea coast - was still due to come online during 2016.
A company spokesman declined to provide further information.
The joint-venture, known as PetroRabigh, has had a number of setbacks because of maintenance issues in 2013 at its existing facility including power cuts and an outage at its ethane cracker.
A new marketing deal with its parent firms in December has helped alleviate the pressure on profits from the maintenance problems. Both Aramco and Sumitomo have also made firm commitments to the expansion project, known as Rabigh II, since giving it the final go-ahead in 2012.
Under the plan, an existing ethane cracker will be expanded and a new aromatics complex built that will make higher-value petrochemical products and have a capacity of 1.72 million tonnes per year.
PetroRabigh's existing plant can produce an annual 18 million tonnes of refined products and 2.4 million tonnes of petrochemical products.
Rabigh II will produce ethylene propylene rubber (EPR), thermoplastic polyolefin (TPO), methyl methacrylate (MMA) monomer, polymethyl methacrylate (PMMA) among other products.
To fund construction of Rabigh II, both Sumitomo and Aramco will put in around 100 billion yen, with the rest coming from project financing, Sumitomo Chemical President Masakazu Tokura told reporters in November. (Reporting by Reem Shamseddine; Editing by David French and Jane Merriman)
No figures for how much cash would be raised by PetroRabigh - a joint venture between Saudi Aramco and Sumitomo Chemical - were given in the statement.
However, Sumitomo President Masakazu Tokura said last November that both companies would each put in 100 billion yen ($975 million), with the rest of the funds coming from project financing.
The requests for proposals were issued by the parent firms to local and international banks on Tuesday, with financing of the expansion to be split between conventional loans and sharia-compliant facilities, the bourse filing said.
PetroRabigh's existing plant can produce an annual 18 million tonnes of refined products and 2.4 million tonnes of petrochemical products.
The new facility, known as Rabigh II, is to be built as an expansion of PetroRabigh's existing petrochemical plant, increasing output and introducing higher-margin products.
The project, located on Saudi Arabia's Red Sea coast, received a formal go-ahead from the parent firms in 2012; PetroRabigh has said previously it is due to come online in 2016, despite a string of maintenance problems at the existing facility.
Rabigh II will produce ethylene propylene rubber, thermoplastic polyolefin, methyl methacrylate monomer and polymethyl methacrylate among other products.
The ownership of
Rabigh II will be transferred to PetroRabigh from the
parents in the fourth quarter of this year, the joint
venture firm said last month, although Aramco and
Sumitomo would continue to guarantee the debt raised to
build the scheme.
2015 年3 月17 日 住友化学 2012/5/28 住友化学、サウジ・アラムコとの「ラービグ第２期計画」実施
ペトロ・ラービグ社のラービグ第2 期計画に関するプロジェクト・ファイナンス契約調印について
住友化学とサウジアラビアン・オイル・カンパニー（サウジ・アラムコ社）が主要株主として出資しているラービグ・リファイニング・アンド・ペトロケミカル・カンパニー（ペトロ・ラービグ社）は、既存の石油精製・石油化学統合コンプレックスの拡張計画（第2期計画）に関し、このほど銀行団との間で、融資契約上のプロジェクト・コスト約81億米ドル※1の6割強にあたる約52億米ドル※2のプロジェクト・ファイナンス契約を締結いたしました。
本プロジェクト・ファイナンスは、政府系金融機関である日本の国際協力銀行（JBIC）とサウジアラビアのパブリック・インベストメント・ファンド（PIF）を中心に、両国および欧米の金融機関19行をメンバーとする幹事銀行団から、ペトロ・ラービグ社が融資を受けるものです。JBICからは約20億米ドル、PIFからは13億米ドルの融資を受けます。また、本プロジェクト・ファイナンス組成にあたっては、三井住友銀行およびサウジ・ブリティッシュ・バンクをファイナンシャル・アドバイザーに起用いたしました。
ペトロ・ラービグ社は、第2期計画において、新たに確保する30百万立方フィート／日のエタンと、約3百万トン／年のナフサを主原料に、エタンクラッカーの増設や芳香族プラントの新設を通して、付加価値の高いさまざまな石油化学製品を生産いたします。本計画では、住友化学や他社の最新鋭の技術を導入し、既存の第１期計画との相乗効果を追求するとともにサウジアラビアにおけるさらなる雇用創出と産業多様化にも貢献してまいります。
なお、本計画の設備につきましては、2016年前半から順次稼動させていく予定です。
※1 建設期間中の金利など、設計・調達・建設（EPC）以外のコストを含む。
※2 一部サウジリヤル建て融資を含む。
----
2015/3/18 日経
住友化、サウジ合弁会社から1500億円を回収 3月末
住友化学は17日、サウジアラビアの石油化学合弁会社、ペトロ・ラービグから約1500億円の現金を3月末をメドに回収すると発表した。同社の設備拡張に伴い、住友化が立て替えていた。回収する現金は、2014年3月期末で１兆700億円に達していた有利子負債の削減に充てる。ラービグ社はサウジ国営石油会社のサウジアラムコとの合弁会社で、住友化の持ち分法適用会社に当たる。ラービグ社がプロジェクトファイナンスで約52億ドル（6290億円）を調達し、住友化に立て替え金を返す。
ラービグ社は16年稼働予定の第2期拡張計画に際し、プロジェクトファイナンスまでのつなぎ資金として住友化とサウジアラムコに投資資金を立て替えてもらっていた。
住友化は回収資金を借入金の返済に回し、財務体質の改善につなげる。過去10年間、ラービグ社への出資などで有利子負債が急速に増え、14年3月期末まで4期連続で1兆円を超える状態が続いていた。今期末は9800億円、来期末は9千億円未満に減らす目標を掲げており、達成に向けて弾みが付きそうだ。
2015/7/1 Gulf News
Saudi’s PetroRabigh says paying 0.5 riyals/share dividend for FY 2014
Saudi Arabia’s PetroRabigh will pay a cash dividend of 0.5 riyals ($0.13) per
share for the full year of 2014, it said in a bourse filing on Wednesday.
This is the first time PetroRabigh is paying a dividend since at least 2010,
according to Thomson Reuters data.
Dec 31, 2015 Reuters 別途、サウジ政府、石化原料大幅値上げ (2016/1/4 ブログ)
PetroRabigh says Phase II delays raise cost and capital needs
* Building work to finish
now in Sept 2016
* Total cost now 31 bln riyals, up 1 bln riyals
* Rights issue size raised to 9.26 bln riyals
The completion of PetroRabigh's Phase II expansion will be delayed by nine months, raising the cost and forcing the Saudia Arabian petrochemical producer and refiner to seek more cash from shareholders, it said on Thursday.
The delay to September 2016 is the latest issue to hit the project, which will let the company manufacture higher margin products but has faced a number of uncertainties since it was proposed in 2009, mostly over the cost of the huge expansion.
The total cost will now be 31 billion riyals ($8.3 billion), 1 billion riyals more than the previous figure, according to a bourse filing from the firm, which is a joint venture between Saudi Aramco and Sumitomo Chemical. (1リアル =0.26662米ドル)
PetroRabigh blamed the increase on "the failure of the key contractors of the project to meet the planned implementation schedule", without elaborating.
The delay also means that a planned rights issue to support the funding costs will need to rise to 9.26 billion riyals, 2.24 billion riyals more than initially announced in April, the company said in a separate bourse filing.
PetroRabigh has already signed loans worth 19.4 billion riyals to finance the project, with a significant chunk coming from the Japan Bank for International Cooperation and the state-owned Public Investment Fund.
当初 今回 差異 億SAR 億ドル 億SAR 億ドル 億SAR 億ドル 建設費 300 (80.0) 310 (82.7) 10 (2.7) ローン 194 (51.7) 194 (51.7) ー ー 増資 70 (18.7) 92.6 (24.7) 22.4 (6.0)
Under the project, known Rabigh II, an existing ethane cracker will be expanded and a new aromatics complex will be built which will process more than 2.7 million tonnes of naphtha a year to make higher-value petrochemical products.
The ethane cracker expansion is now due to be completed in the first quarter of 2016, PetroRabigh said.
PetroRabigh's existing plant can produce an annual 18 million tonnes of refined products and 2.4 million tonnes of petrochemicals.
The company said it will start gradually operating units of the expansion from the beginning of the second half of 2016. In March, it was announced the expanded facility was expected to start production in the first half of 2016.
別途、サウジ政府、石化原料大幅値上げ (2016/1/4 ブログ)
石油化学原料も12月29日から大幅に値上げされた。
メタンの価格はこれまでの100万BTU当たり75セントから1ドル25セントに、エタンは75セントから1ドル75セントに引き上げられる。
（米国の最新のエタン価格は100万BTU当たり2ドル24セント）
これを受け、サウジの石化各社は影響額予想を発表した。
SABIC 5%のコストアップ Saudi Arabia Fertilizers Co (SAFCO) 8%のコストアップ Yanbu National Petrochemical Co (Yansab) 6.5%のコストアップ National Industrialisation Co (Tasnee) 190百万リアル (51百万ドル） Saudi Cement Co 68百万リアル (18百万ドル） Petro Rabigh 300百万リアル (80百万ドル）
Saudi's Petrorabigh starts expanded ethane cracker
Saudi Arabia's PetroRabigh has started
full operations at its expanded ethane cracker, it said on Thursday (2016/4/21).
The expansion will increase ethane processing capacity from 95
million standard cubic feet per day (scfd) to 125 million scfd; boosting
capacity to 1.6 mln tonnes per year (from 1.3 mln tonnes).
The start of the expanded ethane cracker will increase the company's revenue by
an estimated 750 million riyals ($200 million) for 2016 and depending on the
feedstock availability, the firm said in a bourse statement.
KAEC, Petro Rabigh launch Saudi Sustainable Development Association
住友化 サウジ事業の持ち分法利益 来期以降、200億円超に
住友化学がサウジアラビアで手掛ける石油化学コンビナート「ペトロ・ラービグ」が収益貢献し始める。十倉雅和社長は2019年3月期以降、ラービグの稼働安定により住友化が200億円以上の持ち分法投資利益を得られるとの見通しを示した。前期実績は４億円だった。需要が急拡大する有機ＥＬ部材の増産を検討していることも明らかにした。
ラービグはサウジ国営石油会社サウジアラムコとの合弁事業。住友化は37.5％出資し、持ち分法適用会社にあたる。春先までは電源ケ一ブル切断などの人為的ミスが相次ぎ低稼働が続いたが、足元では稼働が安定。ラービグの2017年4〜6月期純利益は3億1600万リヤド(約90億円)と前年同期の3倍強に増えた。
十倉社長は「(ラービグ単体で)月50億円の利益は稼げる実力を持つ」と指摘。住友化にとって年225億円の持ち分法投資利益を得られる計算だ。「ラービグはリスク要因ではなく収益への追い風」になるという。遅れていた2期工事もこのほど完成し、「2019年からフル稼働を見込む」と話した。
高付加価値製品については積極投資を続ける。韓国で生産する有機EL向けフィルム型タッチパネルは設備増強中だが、近く追加投資を検討する。
Announcement From Rabigh
Refining and Petrochemical Company (Petro Rabigh) Regarding The
Latest Developments in the Rabigh (Phase II) Project
With reference to the announcement from Rabigh Refining &
Petrochemical Co. (Petro Rabigh) on September 29, 2016
concerning the latest developments in the Rabigh (Phase II)
Project, the company announces that it has achieved on-spec
production at 10 of the Projects total of 12 units. The
remaining two units will start up in the first quarter of 2018.
Upon completion of all Phase II plants, both phases I and II
will be integrated operationally within the Petro Rabigh
industrial complex.
By the end of December 2017, the company achieved on-spec
production at the units for Cumene,
Phenol, Methyl tert-butyl ether (MTBE)/Isobutylene, Metathesis,
Methyl Methacrylate (MMA), Naphtha Reformer, Poly Methyl
Methacrylate (PMMA), Low Density Polyethylene/ (LDPE), Thermo
Plastic Olefin (TPO) and Nylon 6 (Polyamide 6).
Production is expected to start at the
Aromatics and EPR (Ethylene Propylene Rubber = EPDM)
units in the first quarter of 2018 as previously scheduled.
Financial Impact of the above will be part of the company
financial results starting the first quarter of current year, as
it cannot be currently estimated.
第1期
住友化学、ペトロラービグに追加出資
住友化学は15日、サウジアラビアで石油化学コンビナートを運営する関連会社 PetroRabighに約1000億円を追加出資すると明らかにした。2017年に完了した拡張工事の投資資金をまかなうもの。共同出資している国営会社サウジアラムコなども出資に応じるため、株式の保有比率は37.5％で変わらない見通しだ。
PetroRabighが実施する約30億ドル（約3300億円）分の新株発行の一部を引き受ける。
PetroRabighは第二期計画のコストを賄うため、2015年4月13日の臨時株主総会で増資を提案している。
その時の想定金額は70.35億リアル（18.76億ドル）で、必要な承認手続きを得ることを条件にしており、株数と価格は追って決めるとしている。
最終決定時点の株主に割り当てるとしている。
2016年12月にHSBC Capitalを財務コンサルタントに選んだとの発表があった。
その後は進展なしとの発表のみで、2018/2/1にも進展なしとの発表があった。日経記事では30億ドルの増資となっており、建設費アップで増やしたと思われる。一般公募でなく、現株主への割り当てということは発表と同じ。
Petro Rabigh Selects Jacobs for Fuel Oil Upgrade Project in Saudi Arabia
In today's market, there is increased demand for transportation fuels, primarily diesel and low-sulfur bunker fuel oil, as well as decreased demand for residual fuel oil. This shift, combined with the lowering sulfur limits worldwide, makes maximizing conversion critical. Jacobs is projected to employ 150 full time employees while delivering pre-front end engineering design, FEED and project management over a two-year period.
"Through this oil upgrade project, we are supporting Petro Rabigh with a unique opportunity in the market to meet growing demands for transportation fuels," said Jacobs Energy, Chemical and Resources Senior Vice President and General Manager EMEA David Zelinski. "The implementation will yield value-added products for use across Saudi Arabia, as well as export to global markets."
Petro Rabigh, a refining and petrochemicals plant on the west coast of Saudi Arabia, is a joint venture between Saudi Aramco and Sumitomo Chemical. The company produces refined products and petrochemicals that are used in end products such as plastics, detergents, lubricants, resins, coolants, anti-freeze, paint, carpets, rope, clothing, shampoo, auto interiors, epoxy glue, insulation, film, fibers, household appliances, packaging, candles, pipes and many other applications.
Jacobs leads the global professional services sector delivering solutions for a more connected, sustainable world. With $15 billion in fiscal 2018 revenue and a talent force of more than 80,000, Jacobs provides a full spectrum of services including scientific, technical, professional and construction- and program-management for business, industrial, commercial, government and infrastructure sectors.
2019/11/30 日経
2兆円プラント 住友化学の誤算
石化製品の供給過剰・設備費が膨張
サウジで第2期運転開始も… 早期の収益貢献揺らぐ
住友化学が社運をかけてサウジアラビアで進めてきた世界最大級の石油化学コンビナート計画に懸念が浮上している。1兆円を投じた第2期の商業運転が11月から始まった。だが、設備費の膨張など運営面の誤算に加え、世界的な供給過剰で石化製品の市況が悪化。中東の割安な原料を生かし、早期に収益貢献させるシナリオは揺らぐ。稼ぐ力を増したうえで農薬など高付加価値品にシフトし、競争力を高める戦略にも影響しそうだ。
紅海を望むサウジ西部の石化コンビナート「ペトロ・ラービグ」。10月末、第2期の新設備の試験運転を予定通り終了したと発表した。住化の関係者は「スムーズに立ち上がった」と胸をなで下ろす。
ラービグ計画はサウジ国営石油会社、サウジアラムコと住化の合弁事業だ。第1〜2期の総事業費は2兆円に及ぶ巨大プロジェクトで、住化の投資額は2600億円に達する見通し。2期の設備ではアクリル樹脂原料のMMAや合成ゴムなどを生産する。
ラービグ計画は住化にとって特別な意味を持つ。2003年に三井化学との経営統合交渉が破談になったのち、当時の社長だった故・米倉弘昌氏が社運をかけ推進した。汎用的な石化製品は国内では投資を見切り、競争力のある海外でつくるという国内の総合化学大手でも大胆な決断だった。
第1期の商業運転を開始したのは09年。最大の強みと期待したのは原料の割安さだった。原料に使う天然ガス、エタンは原油由来のナフサ(粗製ガソリン)と比べ5分の1程度の価格で調達できる。これを武器に、商業運転の直前には「第1期段階で年500億円の利益貢献がある」と想定した。
しかし、ここからが重なる。まずは第1期の商業運転で設備トラブルが頻発したこと。従業員の技能不足が原因だった。これを受け、住化は安定操業に向け事業費を積み上げた。当初は約1兆5千億円と見積もった総事業費は2兆円に膨らみ、原料費の安さを相殺するように設備費が膨らんだ。
商業運転前には想定できなかった世界的な石化製品の供給過剰も起きた。2010年代前半から北米でシェールガス由来のプラントの新増設が相次いだ。直近は中国でも大型プラント建設が進行し「これまでにない規模の供給過多」(経済産業省)となりつつある。
米中貿易戦争を受けた世界景気の減速も石化製品の市況を悪化させている。MMAの足元の国際価格(アジア地域)は1トンあたり1600ドル弱で、18年夏から4割も下落した。
足元は中東の地政学リスクも高まる。9月中旬にはサウジ中部にある石油施設が無人機で攻撃され、ラービグ向けの原油や天然ガスの原料供給が一時、1〜2割縮小する事件も起きた。
「(ラ一ビグ計画の今後については)収益性を慎重に見極めないといけない」(住化の岩田圭一社長)。度重なる誤算で収益貢献への期待は縮小している。17年度に170億円だったラービグからの収益（コア営業利益ベース）は18年度に90億円に目減りした。見通しを公表していない19年度以降も収益拡大は難しいとの見方が少なくない。「年500億円」とした当初想定は遠い。
野村証券の岡崎茂樹氏は「競争力の高い原料があるサウジで汎用品をつくるという戦略自体は正しかった」としつつ「シェール革命の到来など当初想定していなかった市場構造の変化がラービグの逆風になった」と現状を総括する。
ラービグでの誤算は住化の構造改革にも影響を及ぼす。住化はラービグで生産される石化製品の販売、配当収入などからもキャッシュを捻出。これを農薬事業や、有機ELパネル向けなど電子材料事業に振り向けて成長する計画だった。ラービグは将来の成長戦略の重荷にもなりかねない。
世界の化学業界では、より高付加価値品にシフトする流れが加速している。国内でも三菱ケミカルホールディングスが18日、田辺三菱製薬を約4900億円で完全子会社化すると発表。昭和電工が、先端材料に強い日立化成の買収に動いていることも明らかになった。
ラービグ計画でかつて先進性を示した住化にとっては正念場となる。
SaudiAramco、PetroRabigh の石油化学製品の自社枠の販売権をSABICに移管
SaudiAramcoと住友化学のJVのPetro Rabigh は9月29日、SaudiAramcoとSABICとの間で新しい契約を締結した。
現在、PetroRabighの製品のうち、石油化学製品は半分を住友化学、半分をSauduAramcoが販売しているが、10月1日からSaudiAramco販売分をSABICが販売するというもの。
サプライチェーンの効率を高め、石油化学業界での競争力を高めるためとしている。
Rabighの石油化学製品の半分について、従来 Aramco が販売していた分を子会社で石油化学専業のSABICに任せるもので、経緯は下記の通り。
PetroRabighは製造会社で、製造した製品の販売は、当初は、石油製品はAramco、石油化学製品は住友化学が担当していた。
2013年12月に下記の発表があった。
1) 従来、石油製品はAramco、石油化学は住化が担当していたが、石油化学製品について両社半々に変更する。
2) 石油化学の販売マージンを1/3カット、石油製品（赤字）についてはマージンをゼロに。
3) 2013/4に遡及、5年後見直し
Aramcoは2016年4月1日にLANXESS と折半出資の合成ゴム JV のARLANXEO を設立したが、2018年12月末にこれを100%子会社とした。
PetroRabighでは2018年3月28日に第二期計画のEPDM が稼働したが、ARLANXEO への販売はAramcoが行っている。
2019/1/1 Saudi Aramcoと LANXESS のJV のARLANXEO、Aramco 100%に
Saudi Aramcoは2019年3月27日、SABICの株式の70%を政府系ファンドのPublic Investment Fund (PIF)
から691億ドルで買い取ることで正式に合意したと発表した。
SABICの残り30%はSaudi Stock Exchange（Tadawul ）に上場されているが、これはそのままとなる。
2019/3/30 Saudi Aramco、SABIC株式の70%を取得
2022/12/25 Saudi Top Trading Co.
Saudi Top Trading, Petro Rabigh sign MoU to establish SAR 100 mln factory
Nomu-listed Saudi Top Trading Co. announced that one of its factories, Saudi Top
Plastic factory, signed on Dec. 13 a memorandum of understanding (MoU) with
Rabigh Refining and Petrochemical Co. (Petro Rabigh), according to a statement
to Tadawul.
The MoU is to establish a factory with a total construction value of about SAR
100 million in two phases, the first with a value of nearly SAR 60 million and
the second phase of approximately SAR 40 million.
The new factory will be established on an area of 34,000 square meters, and for
a period of 30 years, to produce 50,000 tons annually of
polymer compounds, rubber, and industrial waxes in Rabigh Plastic
Technology Complex.
It pointed out that the supply of polymer scrap materials, rubber, and
industrial wax for the new factory will be from Petro Rabigh.
The 12-month MoU started from signing date, Saudi Top Trading stated, noting
that there are no related parties.
The financial impact of this project will be determined later upon the
completion of all agreements related to this MoU, it stated.
Petro Rabigh refinery to feed proposed needle coke, graphite complex PetroRabighの重油残渣から製鋼用黒煙電極材料製造
Privately held TAQAT Development Co. has let a contract to Chevron Lummus Global (CLG) to deliver technology licensing and engineering services for a proposed grassroots complex that will produce needle coke and synthetic graphite from feedstock supplied by the 400,000-b/d refinery and chemicals complex operated by Rabigh Refining & Petrochemical Co. (Petro Rabigh)—a 50-50 joint venture of Saudi Aramco and Sumitomo Chemical Co.—in the port city of Rabigh, Saudi Arabia, along the Red Sea.
TAQAT Development Company is a start-up private company (of ex-family business owners) incorporated in Saudi Arabia and registered under commercial registration number 2051048776. The Company, with a seasoned technical and professional leadership, will be developing a synthetic graphite cluster in Saudi Arabia. The cluster will include a Needle Coke plant (Needle coke is a precursor for the graphite project) to be developed inside the facility of Rabigh Refinery & Petrochemical Company (PRC).
Rabigh Refinery & Petrochemical will supply the scares Decant Oil feedstock. In addition, the cluster will include a Graphite plant that will be most probably co-located next to KSA proposed Electric Vehicle (EV) plant.
TAQAT enjoys very strong Government support since the proposed EV plant is supported by the Public Investments Fund (PIF) and the Saudi Government Industry Clusters, which is targeting to develop a world-class automotive industry to be a major regional player supplying the MENA market strong growth demand. TAQAT will be leading regional quasi-government entities to develop the subject needle coke and battery anode project.
Further, TAQAT is supported by the Ministry of Energy, and the Ministry of Industry, to fast track the subject project to mee target production dates. The supply of the scarce feedstock from Petro Rabigh Refinery was culminated by officially signing the binding MOU between TAQAT and PRC in December 2020.
As part of the contract, CLG will license the proposed 75,000-tonne/year (tpy) complex its proprietary two-step coking process to enable conversion of lower-value, heavy oil residue streams from Petro Rabigh’s refinery that would otherwise be used as fuel oil into high-quality needle coke, which in turn will be used to produce synthetic graphite, the service provider said on May 25.
needle coke : 製鋼用黒鉛電極原料
Alongside technology licensing, CLG’s scope of work under the contract also covers basic design, pilot plant testing, as well as other unidentified engineering and operations support for the project.
The service provider revealed neither the value nor duration of the license and engineering contract, which was initially signed on Feb. 14, 2023, according to a recent post by TAQAT to one of its official social media accounts.
According to TAQAT’s website, the proposed complex—or cluster—will consist of two separate installations, including a plant to be developed inside Petro Rabigh’s refinery that will use the refiner’s supply of slurry-decant oil feedstock to produce needle coke.
The planned cluster also is to include construction of a separate plant that will use the precursor needle coke for production of graphite anode for electric vehicle (EV) and energy storage-system batteries, TAQAT said.
While TAQAT confirmed via its website the December 2020 signing of its agreement with Petro Rabigh’s refinery for the needle coke plant’s development and associated feedstock supply, the company recently formed a joint venture with Novonix Ltd.—a Canadian-based battery technology developer and manufacturer—to develop a 30,000-tpy graphite anode materials plant in Saudia Arabia that would receive precursor needle coke, at least in part, from the proposed Petro Rabigh plant, according to a Mar. 30, 2023, release from Novonix.
TAQAT said its proposed needle coke-graphite anode project is supported by investments of the government of Saudi Arabia under its Vision 2030 goals, which aim to have EVs account for 30% of all on-road, in-kingdom vehicles by 2030.
The TAQAT (60%)-Novonix (40%) JV’s proposed graphite anode plant—plans for which must be finalized by end-March 2024 per terms of the agreement—would directly support a localized supply chain for the EV sector, the companies said.
Petro Rabigh has yet to directly disclose any official details to global media outlets regarding its role in the proposed specialty complex.
ーーーーーーーーーーーーーーーーーー
The grassroots complex will utilize CLG's two-step coking process to convert feedstock streams, which would otherwise be used as fuel oil, into high-quality needle coke, and synthetic graphite. This process helps to reduce environmental impact by repurposing feedstock streams that would otherwise be considered lower-value or waste materials into valuable products, contributing to a more sustainable approach to resource utilization.
CLG's proprietary technology is the result of decades of continual refinement and accumulated data from over 60 unit designs and commercial installations. It has proven to be a superior option for converting heavy feedstocks into in-demand products like needle coke and synthetic graphite. This contract award highlights CLG's expertise and leadership in the field of advanced carbon products.
About TAQAT
TAQAT Development Company is a leading Saudi Arabian energy company, The
company is a leader and innovator in the global energy market, and a key
contributor to the economic growth and development of the MENA region. TAQAT
is constantly seeking out new opportunities to invest in and develop
solutions to meet the region's emerging technology energy needs. TAQAT is
commercializing a wide range of energy products and services, including
high-quality petroleum coke and renewable energy solutions. The company is
committed to innovation and sustainability and is investing heavily in
research and development of new technologies to improve the energy ecosystem
in the region. For more information, visit www.taqatgroup.com.
20 Dec 2023
Rabigh Refining and Petrochemical Co. (Petro Rabigh) announces the completion
and operation commencement of the project to capture CO2 emissions from the MEG
plant at the company complex
Rabigh Refining and Petrochemical Co. (Petro Rabigh), in collaboration with Gulf
Cryo, a leading provider of industrial, medical, and specialty gases in the
region, announces the inauguration of the new carbon capture and utilization
facility.
The project agreement was signed in March 2022, to design, construct, and
operate an advanced carbon capture plant at Petro Rabigh's Mono Ethylene Glycol
(MEG) plant. The new facility captures 300 metric tons of
CO2 per day directly from MEG plant, representing 85% reduction in its
total annual CO2 emissions footprint. The captured CO2 is equivalent to the
sequestration capacity of approximately 360 thousand Mangroves Trees.
By preventing the release of CO2 emissions into the atmosphere, the project
supports Saudi Arabia's target of achieving net zero emissions by 2060 under
Vision 2030 and in alignment with UN Sustainable Development Goals. The captured
CO2 will be purified to a high-purity for other productive uses including water
desalination, food and beverage carbonation, agriculture and in ready mix
concrete.
----------------------------
