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Asia Chemical Weekly 2003-12-12

Saudi NIC, Al-Zamil to jointly develop new C2 at Al-Jubail

National Industrialisation Co (NIC) and the Al-Zamil Group are to combine their efforts to build a cracker in Al-Jubail, Saudi Arabia, company sources said.

It was earlier understood that both companies were pursuing their cracker projects separately. NIC had planned to build an ethane/propane cracker for startup in the first half of 2007.

The Al-Zamil Group holds an 11% stake in Saudi International Petrochemical Co (Sipchem) - originally believed to be the former's vehicle for petrochemical investments - which had earlier expressed interest in building a cracker.

It emerged last week that the Al-Zamil Group will set up a new company, Zamil Petrochemical Co, in the next couple of months to partner NIC's subsidiary, National Petrochemical Industrialisation Co (NPIC) for the ethane/propane cracker project. The Al-Zamil Group will own more than 10% of Zamil Petrochemical, and local investors the rest.

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September 2, 2004 CHEMICAL WEEK

Saudi firm issues preliminary bids for olefins complex.

Sahara Petrochemical and its partners, National Industrialization Co (NIC) and Saudi International Petrochemical Co. (Sipchem) have issued preliminary bids for a their olefins complex at Al Jubail, Saudi Arabia. The complex will be based on ethane and propane feedstock, and have capacity of over 1 M tonnes/y ethylene. It is due onstream in 2007. Fluor Daniel is to provide project management consultancy services. Sahara has invited ABB Lummus Global, Kellogg Brown & Root, Linde, Stone & Webster, and Technip to submit proposals for the provision of technology and engineering. Sahara is also building a 450,000 tonnes/y propane dehydrogenation plant and a 450,000 tonnes/y PP plant at Al Jubail.

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Sipchem が実施

Sipchem Launches its Olefins & Derivatives Complex

2004-3-5 Asia Chemical Weekly

Gacic offered BDO plant contract to Kvaerner

Gulf Advanced Chemical Industries Co (Gacic) has signed a lump sum contract with Aker Kvaerner to build its 75 000 tonne/year butanediol (BDO) plant at Al Jubail, Saudi Arabia for start-up in December 2005.


Gacic confirmed that the technologies to be used in the project will be provided by Davy Process Technology, Huntsman Corp and UOP. The Huntsman technology will be the proprietary butane-to-maleic anhydride (MAH) system. The technology provided by Davy will use the MAH to produce BDO.

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November 28, 2005 Sipchem

Sipchem affiliate GACIC Starts Production at its 75,000TPA Butanediol Project

Saudi International Petrochemical Company (Sipchem) has announced that its affiliate Gulf Advanced Chemical Company Ltd (GACIC) commenced production at its Butaindiol (BDO) plant in Jubail, Saudi Arabia. The project took just under 33 months to complete by its prime contractor Aker Kvaerner of the Netherlands. The technology for the plant was provided by Huntsman Corporation and Davy Process Technology as well as UOP that provided the technology for the reverse butamer unit. This is the first BDO plant in the Middle East.

The plant successfully started initial production in October 2005 and is now going on stream with a total capacity of 75,000 tons per year to meet the growing demand for BDO and derivates in the world and domestic markets.

No industrial lost time injury was recorded during the construction and commissioning of the plant, which resulted in a world class safety record achievement.

Dr. Abdelaziz A. Al-Gwaiz, GACIC Chairman expressed his thanks and appreciation to the project team, contractors, and the company’s operation and support services personnel for their efforts focused on attaining such eventful results, including the strict application of safety, health and environmental regulations, and the start-up of the project.

GACIC is majority owned by Sipchem, in joint venture with the Public Pension Agency, GOSI, Huntsman Corp., Davy Process Technology, Sabih Tahir Darwish Al Masri, and A.S. Albabtain & Company.

Saudi International Petrochemical Company is a joint stock company founded on December 22, 1999 with the aim of investing in the fields of petrochemicals, chemicals and basic hydro-carbon industries towards increasing national productivity and expanding industrial development. The Company’s first venture, a one million ton per year methanol plant, began production a year ago. With the Methanol Plant (IMC) and the BDO Plant (GACIC) already on stream, the Company is currently on track to setting up other projects, including the Acetyls Project comprising three plants that it has planned to commence operation by the 4th quarter 2008.

日本経済新聞　2004/5/8 　　　　　　　　　　　　　　　住化発表

住友化、サウジ合弁　エチレン生産　３０００億円投資

　住友化学工業はサウジアラビア国営石油会社のサウジアラムコと合弁で、同国に石油精製品から石油化学製品までを一貫生産する大型プラントを建設する。今月中に両社で事業化調査を開始、２００８年にも新プラントを立ち上げる。石化製品の基礎原料であるエチレンを年間１００万トン生産する設備を設ける計画で、総投資額３千億円強の巨額プロジェクトになる見通し。

　事業候補地はアラムコの石油精製設備がある紅海沿岸のラビ。

朝日新聞　2004/5/8
　
住友化学がサウジに世界最大級のプラント　数千億円投資

　住友化学工業は７日、サウジアラビアに現地国営企業と合弁で、石油精製・石油化学の一貫プラントを建設する方針を固めた。世界最大級の年産百数十万トン規模のエチレンプラントをはじめ、国際市場に輸出する石化製品を一貫して作る大規模コンビナートを建設する。投資額は日本の石化メーカーとしては過去最大の数千億円となる模様だ。イラク情勢の悪化やアジアでの需要急増で原油価格や石油製品価格が上昇する中、安定的に資源を確保する取り組みとして、経済産業省も歓迎しており、政府として後押しする構えだ。

Dow Jones 2004-3-16 　　　　　　　　　　　　　　　　　　　

Japan Sumitomo Chem May Build Mideast Cracker Project

Japan's Sumitomo Chemical Co. may be in negotiations with several Middle East petrochemical companies to build an ethylene cracker this year, industry sources familiar with the issue said.


Sources said it is more likely Sumitomo will secure a project in Saudi Arabia given that it has already been shortlisted as one of the possible partners for Saudi Arabian Oil Co.'s (SOI.YY) planned Rabigh petrochemical project. (下記）

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http://www.tradepartners.gov.uk/oilandgas/saudi_arabia/profile/overview.shtml

Aramco is making its first foray into the domestic petrochemical sector - Rabigh expansion. Three companies have been shortlisted for this US$3,000 million 50:50 joint venture - Saudi Basic Industries Company (Sabic), US' Dow Chemicals and Japan's Sumitomo Chemicals. MOU for the project expected early January 2004 and once a J/V partner has been appointed, a tender will be issued for the FEED.

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MEED 2003/9/12

Three in talks on Rabigh expansion

Saudi Aramco has shortlisted three international companies on the estimated $3,000 million project to upgrade the kingdom's largest refinery at Rabigh and add a petrochemical complex at the site. Aramco, which is aiming to sign a memorandum of understanding (MOU) for the project in early 2004, plans to set up a 50:50 joint venture with at least one company to carry out the expansion of the 325,000-barrel-a-day hydroskimming export refinery at Rabigh.

In addition to expanding the refinery, the joint venture will set up an ethane cracker with capacity of at least 1 million tonnes a year of ethylene, which will be used at feedstock for the production of polyolefin.

The new complex will be located next to the existing refinery and will also include a propane dehydrogenation (PDH) unit at the refinery for the production of polypropylene.

Feedstock for the cracker will be pumped from the Eastern Province via the east-west pipeline.

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Saudi map

　

http://www.the-saudi.net/saudi-arabia/saudi-map.htm

2004/5/9　住友化学　　　　　　　　事前報道 　　　共同発表　 　解説ほか 　調印式

サウジ・アラムコとサウジアラビア（ラービグ）での石油精製・石油化学事業開発の共同企業化調査実施の件
http://www.sumitomo-chem.co.jp/japanese/gnews/news_pdf/20040509_1.pdf

　住友化学は本日、サウジアラビアン・オイル・カンパニー（サウジ・アラムコ）との間で、サウジアラビア紅海沿岸のラービグにおける石油精製と石油化学との統合コンプレックス開発計画（ラービグ計画）について基本的な枠組みを定めた覚書を締結しました。両社は今後、共同してフイージビリテイ・スタデイー（企業化調査）を実施し、その中で、計画の実現に向けての詳細について検討してまいります。投資額は、現在のところ約４３億米ドルと予想しています。

【計画の概要】
　両社は、本計画の事業主体として共同出資会社を設立します。サウジ・アラムコは、現在、ラービグにおいて所有する日量４０万バレルの原油処理能力を持つ製油所をインフラも含めてこの会社に移管します。新会社は、これに加え新たに世界最大級のエタンクラッカーと流動接触分解装置（ＦＣＣ）、さらに、エチレン、プロピレン各誘導品の生産プラントを新設します。この結果、これまで生産してきたナフサや重油などの石油精製品に、エチレン、プロピレンとその誘導品およびガソリンが新たな生産品目として加わります。年間生産能カはエチレンが１３０万トン、プロピレンが９０万トンであり、その全量を石油化学誘導品の生産に充当する予定であります。

本計画に予定されている石油化学誘導品としては、次のものがあります。

　サウジ・アラムコは、本共同出資会社に日量４０万バレルの原油、９５百万立方フィートのエタン、１０〜１５千バレルのブタンを供給します。一方、住友化学は多岐にわたる独自の石油化学製品の生産技術とアジア全体に及ぶ販売網を提供します。

2004/5/9　 Saudi Arabian Oil Company/Sumitomo Chemical Company

Saudi Aramco/Sumitomo Chemical signing ceremony
http://www.sumitomo-chem.co.jp/english/gnews/news_pdf/20040509_1.pdf

Agreement of the Parties
The parties have successfully negotiated a Memorandum of Understanding that sets forth the agreement between Saudi Aramco and Sumitomo regarding the key parameters of the Project, the Project configuration, and a broad range of the major technical, commercial, legal, and financial terms.
As the next step in the Project development process, the parties have agreed to undertake a comprehensive Joint Feasibility Study which will, among other things, confirm the capital and operating costs of the proposed Project. The definitive documents to implement the Project will be negotiated in parallel with the Joint Feasibility Study.

The Project
Saudi Aramco and Sumitomo have agreed to form a Joint Venture company with equal ownership. In addition to its world-class capabilities in hydrocarbon production and refining, and its decades-long collaboration with the Kingdom's petrochemicals industry, Saudi Aramco will supply the Rabigh Project with 400,000 barrels per day of crude oil, 95 million standard cubic feet per day of ethane and 10,000 to 15,000 barrels per day of butane. Sumitomo will provide its extensive and proprietary petrochemical technology and marketing base to the venture.
The initial plans for the Project include, as the centerpiece of the expanded site, a high olefins yield fluid catalytic cracker complex integrated with a world scale, ethane based cracker, producing approximately1.3 million tons per year of ethylene, 900,000 tons per year of propylene, and 80,000 barrels per day of gasoline as well as other refined products. Petrochemical units are to be included to convert all of the olefin production to downstream products. The Project would be targeted for startup in late 2008.

The following olefin derivative units are included in the Project configuration:

The companies will retain a Project Management Services Contractor and other necessary advisors to proceed as quickly as possible with the execution of the Project.

Saudi Arabian Information Resource 2004/3/1

Sahara Petrochemical Company
New Petrochemical Company has SR1.5 billion capital
http://www.saudinf.com/main/y6813.htm

The Riyadh-based Al-Zamil Group has established Sahara Petrochemical Company, with a capital of SR1.5 billion, to invest in the Kingdom’s petrochemical industry.

Al-Zamil Group has completed all formalities to establish a new holding company that will invest in the petrochemicals sector of the Kingdom, according to a press statement issued by Al-Zamil Group.

The company will be capitalized at SR1,500 million (US$400 million) and shares will be floated for the private placement has already been oversubscribed by SR1 billion (SR1,000 million), the statement said. The remaining sum of SR500 million will be open for public offering, managed by the Riyadh-based Consulting Centre for Finance and Investment (CCIF), of which Abdurrahman Al-Zamil is President.

Al-Zamil, Chairman of Al-Zamil Group, signed agreements with Riyadh Bank, the National Commercial Bank and the Saudi-American Bank (Samba) authorizing them to receive public requests for shares.

Sahara Petrochemical Company will invest in two petrochemical projects in Jubail. The first project will produce polypropylene in partnership with Bassell. The second project will establish an ethylene complex in collaboration with national and international partners, the press statement said.

Asia Chemical Weekly　2004/3/5

Saudi's Al-Zamil forms new company for PDH-PP project

Saudi Arabia's Al-Zamil Group has formed a new company which will have an equity interest in a propane-dehydrogenation (PDH)-polypropylene (PP) project and a planned cracker complex, both in Al-Jubail, a company source said.
The new company - named Sahara Petrochemical Co - has been capitalised at SR1.5bn (US$400m/Euro321.6m). Shares of the company have been offered for private placement by local investors.

The Al-Zamil Group originally wanted to name the company as Zamil Petrochemical, but changed the name to Sahara because of government regulations over the usage of a family name in a public company. The size of the Al-Zamil Group's stake in Sahara was not immediately clear.

Sahara will form a joint venture with Basell for the PDH-PP project following a memorandum of understanding signed last October between the Al-Zamil Group and Basell. The project will produce 450 000 tonne/year of PP. Mechanical completion is scheduled for 2007.　　　　　　　　調印

The new PP plant will use Basell's Spheripol process technology.

Sahara will also be investing jointly with local company National Petrochemical Industrialisation Co (Tasnee Petrochemicals) for a cracker complex which will use ethane and propane as feedstocks. Both companies are expected to partner a foreign major for the project. However, the Zamil source declined to reveal the name of the third partner. Market speculation has it that Basell could be the foreign partner.

The 1m tonne/year cracker complex, which will produce mainly polyethylene (PE), is scheduled for startup in the first half of 2007. The complex will also produce 200 000 tonne/year of propylene which will be used to expand a PP plant at Saudi Polyolefins Co (SPC), which is 75% owned by Tasnee and 25% by Basell.

SPC is due to start up its PDH-PP facility later this month in Al-Jubail.

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Basell 2004/12/1

Sahara Petrochemical Co. and Basell sign agreement for construction of PP & propane dehy complex
http://www.basell.com/

Sahara Petrochemical Company and Basell Holdings Middle East GmbH today announced the signing of an agreement to construct a 450 KT per year polypropylene plant and propane dehydrogenation unit at Al-Jubail Industrial City in the Kingdom of Saudi Arabia. The facilities will be operated by a joint venture that Basell and Sahara Petrochemical Company plan to establish in 2005. Start-up of the new plants is targeted for the end of 2007.

The agreement includes a license to utilise Basell’s most advanced polypropylene technology, the Spherizone process. The polypropylene from the new plant will be marketed globally by Basell. The propane dehydrogenation unit will be based on the UOP Oleflex process. Saudi Aramco will supply the propane feedstock.

Basell’s excellent experience in establishing Saudi Polyolefins Company, a joint venture with the National Petrochemical Industrialization Company (Tasnee Petrochemicals) that started up at the beginning of this year, was a factor in the company’s decision to pursue additional projects in the Kingdom.

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バゼル、サウジで現地企業と共同でＰＰ建設

バゼルとサウジのサハラ石油化学（アル・ザミル・グループ）はこのたび、サウジのアルジュベイルで４５万トン/年のＰＰプラントとプロパン脱水素プラントを建設する契約にサインをした。来年合弁会社を設立し、２００７年稼動を目指す。
プロパン脱水素はＵＯＰのOleflex法を使用、ＰＰはバゼルのSpherizone法を使用する。原料プロパンはサウジアラムコが供給する。製品ＰＰはバゼルが全世界で販売する。

本計画はバゼルにとってサウジでの２番目のＰＰ計画。バゼルが２５％、サウジのタスニー石油化学（National Petrochemical Industrialisation Company）が７５％出資するサウジ・ポリオレフィン(SPC)が本年初めにアルジュベイルで４５万トン/年のＰＰをスタートしている。

なお、サハラ石油化学とタスニー石油化学は共同でエタンとプロパンのクラッカー建設を検討中で、計画ではエチレンは１００万トン/年、プロピレンは２０万トン/年。プロピレンはサウジ・ポリオレフィンのＰＰ増設に使用する計画。

Platts 2004/10/21

SABIC denies take over of Nova; Mexican plans close to fruition

SABIC's CEO Mohamed Al Mady, Wednesday, denied market rumors that the company was seeking to buy US-based styrenics producer Nova Chemicals, as a platform to operate a petrochemical complex focussed on the North American markets.

In related developments, Al Mady said that SABIC was close to reaching an agreement with a Mexican company to build or operate a naphtha-based cracker in Mexico.

日本経済新聞　2004/12/29

サウジ 原油生産能力増強　２００９年にも１５０万バレル増
　休止中の３油田も再開　供給不安解消狙う

　サウジアラビアが原油の生産能力増強を急いでいる。２油田の増強工事を予定よりも早く完成させたのに続き、休止中の３油田で２００７年に生産を再開する。中国などを中心に世界の石油需要が強まっていることに対応、生産能力を２００９年ころまでに現在よりも１５０万バレル（日量、以下同）多い１２５０万バレルに高め、供給不安の解消を急ぐ。

　カティフ、アブサフアの２油田の生産量は合計８０万バレル。当初の完成予定を３カ月早め８月に生産を始めている。
　
　東岸の産業都市ジュベイル近郊に位置するクルサニヤ、ファドリ、アブハドリヤは１９６０年代に生産を開始した古い油田。８０年代に休止したが原油と天然ガスを分離する設備などを新設、０７年末をめどに合計５０万バレルを生産する。
　サウジ国営石油会社アラムコは世界最大のガワール油田西方に位置するクライス油田の開発準備に着手した。０９年にも生産を開始する見通し。同油田の生産量は現在１０万バレル前後。しかし、本格開発すれば８０万−１００万バレルの生産が可能とされる世界有数の大型油田だ。

アラムコ社長会見
　需給にらみ機動的に　日中はともに重要市場

　アラムコのアブドラ・ジュマ社長兼最高経営責任者（ＣＥＯ）は２８日、サウジ東部ダーランのアラムコ本社で日本経済新聞記者と会い、油田開発の方針やアジア市場への取り組みを語った。主なやり取りは次の通り。


　「住友化学との石油精製・石油化学施設の事業化調査は順調に進んでいる。２００５年前半に結論を出すが、このプラントの基本設計をすでに日揮に発注するなど、結果を待つのではなく並行して多くの作業を進めている。第三のパートナーを否定するつもりはないが、今は時期尚早だ」
　「精製や販売事業で高い利益を見込めないことはわかっている。昭和シェル石油の株式を取得したのは世界第二位の経済大国との関係を築くことが狙いだ。昭シェルヘ３０万バレルを供給することでわれわれは日本への最大の供給者となる。（現在９．９６％の）昭シェルへの出資比率は、合意に基づき０５年中に最大１５％に高める」

　「中国市場は重要だ。中国石油化工や米エクソンモービルと福建省に精製・石化施設を建設することで合意し、ほかにも話し合いを進めている。しかし、日本と中国のどちらかを取るという話ではない。どちらも重視している」

BP 2005/6/8 　　　　　　　　　　　　　Ineos Confirms Cancellation of Saudi Ineos-Delta ethylene Project

Innovene and Delta Oil Agree To Explore Major Petrochemical Investment in Saudi Arabia
http://www.bp.com/genericarticle.do?categoryId=2012968&contentId=7006623

Innovene, BP plc's petrochemicals and refining subsidiary, and Delta International, a leading Saudi-owned independent development company, announced today the signing of a Memorandum of Understanding (MOU) for a major investment in Saudi Arabia's petrochemical sector.

The memorandum marks the beginning of detailed negotiations between Innovene and Delta for the construction of a world-scale cracker and associated derivative capacity in the Kingdom, with sites being explored in Jubail. It is intended that this project, which is expected to cost around $2bn, will form a platform for future long-term growth opportunities.

Innovene and Delta will be equal partners within the joint venture. It is anticipated that, subject to final approvals, an agreement will be signed before the end of the year, with commissioning of the first plants expected in late 2008.

Notes to editors:
Innovene
* Innovene was created as a wholly owned subsidiary of BP on April 1, 2005. BP may sell part of its stake in Innovene by way of an IPO later in 2005, subject to necessary approvals and market conditions.
* Innovene has more than $15bn of revenues, 15 million tonnes of petrochemical production volumes and $9bn in total assets.
* Innovene’s major manufacturing sites include Grangemouth in Scotland, Lavera in France, Koln in Germany and Lima, Chocolate Bayou and Green Lake in the US. SECCO, the joint venture between Innovene/BP, Sinopec and SPC in Shanghai and the largest petrochemical complex in China to date, became fully operational in March 2005.
* Innovene manufactures petrochemicals, including olefins (ethylene and propylene) and their derivatives such as polyethylene, polypropylene, acrylonitrile, linear alpha olefins, polyalphaolefins, and solvents. These chemicals are used to make a wide variety of plastic goods, including food and drink containers and wrappings, pipe work, automotive parts and mouldings. Innovene also manufactures gasoline, diesel and other refined products in the Grangemouth and Lavera refineries.
* The company’s global headquarters are located in Chicago.
* For more information on Innovene, visit www.innovene.com

Delta
* Delta International, a leading private Saudi-owned independent development company, was founded by its Chairman and Chief Executive Officer, Mr. Badr Al-Aiban in 1978, and its activities have expanded significantly since its inception. Delta is headquartered in Jeddah.
* Delta played an important role in the conception of the “Contract of the Century”; the formation of the consortium for the supergiant Azeri, Chirag, Gunashli field, offshore Azerbaijan, and during that time identified and participated in a number of other major projects within the Caspian region, Central Asia and the Middle East.
* Delta’s current activities upstream projects are focused primarily on North and West Africa.
* For more information on Delta, visit 　www.Delta-oil.com

2007/10/1 Chemweek's Business Daily

Ineos Confirms Cancellation of Saudi Project

Ineos has confirmed CW's exclusive report that the company has shelved its Ineos-Delta ethylene project at Al Jubail, Saudi Arabia. Speaking exclusively to CW on the sidelines of the EPCA annual meeting, currently taking place in Berlin, Ineos Olefins CEO Tom Crotty said, "there is no Ineos-Delta project right now, given the current feedstock and capital cost constraints."

Crotty declined to comment on CW's exclusive report that Ineos is negotiating to join the $8-billion plus Sipchem (Al Khobar, Saudi Arabia) olefins and derivatives project at Al Jubail, which has secured feedstock supplies from the Saudi government. "We are interested in a project in the Mideast and we are looking at a number of options," Crotty says.

2005/9/13　Sipchem

Sipchem Appoints NCB to Manage its Initial Public Offering
http://www.sipchem.com/sysadmin/NewsManagment/press.asp?a=246&z=4

Saudi International Petrochemical Company (“Sipchem”) announces its plans for its Initial Public Offering (“IPO”) by listing its shares on Tadawul, the Saudi Arabian Stock Exchange. The Initial Public Offer ("IPO") is primarily intended to facilitate a capital increase to finance Sipchem`s expansion projects.


Sipchem is a Saudi Arabian closed joint stock company formed in 1999 to become a leading diversified and integrated international petrochemical company. The Company`s first phase of development comprises of two joint ventures with international partners for world-scale methanol (completed in 2004) and butanediol petrochemical projects (currently in the start-up phase). Sipchem is currently developing as Phase II an integrated Acetyls petrochemical complex. Sipchem’s paid-in capital is SR 1,500 MM (US$400 MM). The Company presently has 73 shareholders, all leading individual and corporate investors from Saudi Arabia and the GCC region.

Platts 2005/12/7

SABIC's Yansab receives nod for 35% IPO on Saudi stock exchange

The Saudi Arabian Capital Market Authority has given approval for the initial public offering of 35% of shares in SABIC affiliate Yanbu National Petrochemicals Company (Yansab) on the Saudi stock exchange, SABIC announced Wednesday.

In addition to the 35% public offering, SABIC own 55% of Yansab shares. SABIC's partners in Ibn Rushd and Tayf including national and regional establishments and companies own 10%.

Platts 2006/1/4

Brazil's Ultrapar licenses Saudi Arabia use of output technology

Brazil's Ultrapar Participacoes's Oxiteno has authorized Saudi Arabia's Project Management and Development Co the use of technology for manufacturing ethanolamines and ethoxylates through a contractual-license agreement, Oxiteno said Wednesday.

The technology will be used by PMD to produce 100,000 mt/yr of ethanolamines and 40,000 mt/yr of ethoxylates at the company's Al Jubail petrochemical complex in Saudi Arabia. The project is part of a bigger PMD facility that will be centered around a cracker with a projected ethylene production-capacity of 1.35-mil mt/yr.

The Al Jubail complex will be integrated with other PMD downstream plants, according to Wednesday's statement.

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MENA FN 2003/10/22

PMD $3.5 billion Saudi petrochemical project on track
http://www.menafn.com/qn_news_story_s.asp?StoryId=32388

Project Management & Development Co. ('PMD') based in Al Jubail, Saudi Arabia, announced that it has received a notice of allocation of feedstock from Saudi Arabian Oil Company ('Saudi Aramco'). This follows a review by Saudi Aramco of PMD's project proposal and its acceptance of PMD's planned integrated petrochemicals complex project.

PMD's project will be the largest private sector petrochemical project in the Middle East with an expected total investment of $3.5 billion. The business plan envisages that PMD will crack the allocated feedstock, comprising ethane and mixed butanes, and will produce 1,350 KTA of ethylene in addition to commercial quantities of propylene and benzene.
This ethylene, which is expected to have a significantly competitive cash cost of production, since PMD enjoys the benefit of low feedstock costs in line with the Kingdom of Saudi Arabia's policies, will provide the basis for the production of several downstream products in world-scale polyethylene, polypropylene and ethylene glycol plants. These plants will form part of a single integrated complex, located within the Royal Commission's industrial area at Al Jubail.
In addition, the project is expected to produce bisphenol and amines at the integrated complex. Scheduled start up date is expected in early 2008.

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http://www.sabicamericas.com/january-2004-2?makePrintable=1

Jubail-based PMD is a private developer with grand plans. Its planned $3,000 million complex will comprise a 1.35 million-tonne-a-year (t/y) mixed feedstock cracker, a 970,000-t/y polyethylene (PE) plant, a polypropylene (PP) plant with capacity of at least 500,000 t/y and a 530,000-t/y ethylene oxide unit for the production of ethylene glycol, ethanolamine, methylamine and derivatives and ethoxylates. In addition, PMD plans to build a facility to produce some 300,000 t/y of bisphenol A, which is primarily used for making polycarbonate and epoxy resins.

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2005/12/19　Basell

PMD selects Hostalen & Lupotech G processes for new plants in Saudi Arabia

Project Management and Development Company Ltd. (PMD) has selected Basell technologies for two new polyethylene plants it intends to build in the Kingdom of Saudi Arabia. Hostalen technology will be used in a high density PE plant with an annual capacity of 400 KT and Lupotech G technology will be used in a medium density/high density PE plant with an annual capacity of 300 KT.

Earlier this year, PMD selected Basell's Spheripol process for two new PP plants with a total annual capacity of 640 KT and Basell's Lupotech T technology for a new LDPE and EVA copolymer plant with an annual capacity of 270 KT.

2006/5/11 Basell　　　　　　　　　　　Saudi Ethylene and Polyethylene Company

Tasnee & Sahara Olefins Company and Basell sign joint venture agreement

Basell has signed a joint venture agreement with Tasnee & Sahara Olefins Company for the construction of a new integrated ethylene and polyethylene complex at Al-Jubail Industrial City in the Kingdom of Saudi Arabia.

The complex will include a gas cracker and two 400 KT per year polyethylene plants. One plant, based on Basell’s latest generation Hostalen process, will produce high density polyethylene; the other plant, based on Basell’s Lupotech T technology, will produce low density polyethylene. Scheduled to start up in 2008, the units will be the largest Hostalen and Lupotech T process plants in the world.

Basell will have a 25% equity share in the project, while Tasnee & Sahara Olefins Company will hold the remaining equity. Tasnee & Sahara Olefins Company is a recently established joint stock company. Its main shareholders are Tasnee Petrochemicals and Sahara Petrochemical Company with a minor shareholding by the Saudi Arabian General Organisation for Social Insurance (GOSI).

“Basell and Tasnee Petrochemicals have already another joint venture, Saudi Polyolefins Company, which includes a 450 KT per year polypropylene plant in Saudi Arabia,” said Volker Trautz, CEO of Basell, who participated in a signing ceremony in Riyadh, Saudi Arabia. “Following the excellent success of this joint venture, we look forward to extending our cooperation into polyethylene.”

Volker Trautz expressed his appreciation to Sahara Petrochemical Company which is also a major shareholder in this project. Sahara Petrochemical Company and Basell are currently developing a new 450 KT per year Spherizone polypropylene plant and propane dehydrogenation unit in Al-Jubail.

Zamil Group

Saudi Formaldehyde Chemical Company Limited
http://www.zamil.com/zl/en/divisions_companies/joint_ventures_affliates.asp#sfccl

Saudi Formaldehyde Chemical Company Limited (SFCCL) is a world-class producer of petrochemicals and derivatives, which are used as conditioning and anti-caking agents in the urea fertiliser industry; as intermediate chemicals for oilfield formulation; as raw materials for insulation / resin industries; as fumigants for poultry farms; and as pharmaceutical agents.

More than 70% of its production capacity of in excess of 200,000 metric tonnes per annum is exported to more than 45 countries in the Middle East, Indian Subcontinent, Africa, Europe, Asia, Australia and North America.

SFCCL's current product range comprises the following chemicals in 26 grades:

• Aqueous Formaldehyde Solutions (AF-37 / Formalin)
• Urea Formaldehyde Concentrate (UF-85 / Formurea)
• Hexa Methylene Tetramine (HMT / Hexamine)
• Paraformaldehyde (Paraform)
• Melamine & Urea Formaldehyde Resins (Spray Dried)
• Glazing Powder
• Methanolic / Butanolic Solutions of Formaldehyde
• Sulphonated Naphthalene & Melamine based Superplasticizers (SNF/SMF)

Since its inception in 1989 and its commissioning in 1991, SFCCL has achieved ISO 9002 certification for quality control and assurance.

July 10, 2006 Aramco 　　　アラムコ石化計画

Dow is Selected for Negotiations on New Petrochem Complex

The Saudi Arabian Oil Company (Saudi Aramco) has selected The Dow Chemical Company as its potential partner to engage in exclusive negotiations concerning a joint venture company to construct, own and operate a world-scale chemicals and plastics production complex at Ras Tanura, in Saudi Arabia's Eastern Province.

This joint venture would encompass an array of world-scale facilities producing a very broad portfolio of plastics and chemical products.

The proposed petrochemical project would be integrated with the existing Ras Tanura refinery complex, which is one of the world's largest refinery complexes. When fully operational, the new petrochemical complex will be one of the largest plastics and chemicals production complexes in the world and be ideally situated to access most major world markets.

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Chemweek's Business Daily/Access Intelligence via COMTEX

Last month, before Dow's involvement was disclosed, local sources told CW that the project would upgrade Aramco's 325,000-bbl/day refinery at Ras Tanura and build a petchem complex that will produce 1.2 million m.t./year of ethylene and 400,000 m.t./year of propylene. The project also includes an aromatics complex with capacity for 400,000 m.t./year of benzene and 460,000 m.t./year of para-xylene, sources say. Other products will include acrylonitrile, acrylonitrile butadiene styrene, isocyanates, polyethylene terephthalate, purified terephthalic acid, and styrene-butadiene rubber.

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なお同地では2004年にJETROがアラムコと組んで、ブタン、ナフサおよび改質ガソリンを原料として、
(１）ベンゼンを抽出することによる既設ガソリンの品質改善および本プラントで新規に生産されるアルキレートによるオクタン価の向上
(2) 輸出向け石油化学中間製品、エチルベンゼン、クメンおよびターシャルブチルアルコールの生産
の事前ＦＳを実施している。

平成15年度 石油・天然ガス資源開発等支援調査およびエネルギー使用合理化調査
「サウジアラビアラスタヌラ製油所の有機的複合化及び効率化調査」
http://www.jetro.go.jp/jetro/activities/oda/model_fs/oil/pdf/h15_4.pdf

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Ras Tanura Refinery

The most complex Saudi Aramco refinery is on the Arabian Gulf at Ras Tanura with a crude distillation capacity of 550,000 barrels per day (BPD). Ras Tanura Refinery also has a 305,000 BPD NGL processing facility, a 960,000 BPD crude stabilization facility, 145/158 MW (summer/winter) of combined steam and gas turbine electrical power generation plants, a combined 150 lb and 600 lb steam capacity of 6,217 Mlb/hr, and 75 crude oil and products storage tanks with a combined capacity of 5.8 million barrels.

Ras Tanura Refinery's major refining facilities include a 325,000 BPD Crude Distillation Unit, a 225,000 BPD Gas Condensate Distillation Unit, 50,000 BPD hydrocracker and a total of 107,000 BPD capacity of catalytic reforming. Ras Tanura Refinery is the only Saudi Aramco refinery that contains a Visbreaker (60,000 BPD). This refinery also produces 17,000 BPD of asphalt, more than any other refinery in the Kingdom. Crude is normally transferred to Ras Tanura through a pipeline and can also be supplied by ship. Most of Ras Tanura’s production is for domestic use and transferred to the Dhahran bulk plant, while some products are exported.

Gulf Industry 2006/4

Aramco sees potential for petchem plants
http://www.gulfindustryonline.com/bkArticlesF.asp?IssueID=236&Section=714&Article=4367

From its headquarters in the eastern city of Dhahran, Saudi Aramco is overseeing a major petrochemicals development programme involving three projects that will be integrated with refineries

These projects are Petro-Rabigh, which is scheduled to start production in 2008; the Ras Tanura petrochemical complex integrated with the existing Ras Tanura refinery and targeted for commencement of commercial operations in 2012, and the Yanbu Petrochemical Masterplan, currently in its initial stages of conceptualisation and set to start in 2014.

The second project in the programme is Ras Tanura. Now in the preliminary development phase, it will feature the first application in the Middle East of cracking refinery liquids (naphtha) coupled with ethane cracking and aromatics production.
This combination is in line with the company’s strategic direction to integrate refining operations with petrochemicals to produce diverse products that are essential for the establishment of an advanced export-oriented conversion industry (such as synthetic rubber and automobile parts).
The project will integrate with the 550 MBD Ras Tanura refinery located on the east coast of Saudi Arabia to produce about 1.35 million tpy of ethylene, 0.9 million tpy of propylene and 1 million tpy of aromatics.

In the Yanbu Petrochemical Master Plan, the goal is to create an integrated business opportunity with the existing Yanbu Refinery and leverage streams from the existing and future joint venture refineries in Yanbu’, on the West Coast.
The Master Plan is currently under development. “We are evaluating options to expand and upgrade the existing 235,000 barrels per day Yanbu Refinery into an integrated olefins and aromatics complex that will provide a diverse line of petrochemical products,” said Shalabi.
“The heart of the integration will be centred on a naphtha-based steam cracker that maximises production of propylene, butadiene, and benzene for further conversion to semi or specialty type products. Start-up is tentatively targeted for 2014.”

Shalabi said the new petrochemical projects would have strong potential macro-economic benefits for the kingdom, especially ventures which would be based on refinery liquid feedstocks in addition to gas.
Saudi Arabia’s existing petrochemical industry is largely based on ethane, which has led to a strong focus on commodity grade ethylene derivatives such as polyethylene, MEG and styrene.
The cracking of liquid feedstocks, available from integration with refineries, would broaden the product slate and result in the production of additional products such as propylene and butadiene. Also, refinery liquids cracking will be the source for producing the much-needed aromatics value chain.

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Jan 12, 2008 Reuters

SABIC eyes Saudi Aramco petrochemicals deal

Saudi Basic Industries Corp(SABIC) is considering a deal with state-oil company Saudi Aramco to upgrade a Red Sea Coast refinery and a build a petrochemicals complex there, a magazine reported.

A deal would give SABIC, the world's largest chemical maker by market value, access to Aramco feedstock and allow the state oil firm to press on with plans to develop its Yanbu project without a foreign partner, the Middle East Economic Digest said.


The Yanbu venture is one of three refinery and petrochemical plants belonging to Aramco, the world's largest oil company by production. The other two, Rabigh and Ras Tanura, are joint ventures with Japan's Sumitomo Chemical Co Ltd and the Dow Chemical Co of the United States.

2006/11/5 SABIC

SABIC and ExxonMobil Chemical to study petrochemicals expansion in Saudi Arabia

Saudi Basic Industries Corporation (SABIC) and ExxonMobil Chemical announced that they have begun work on a feasibility study to define a potential project that would grow their two joint petrochemical ventures at Yanbu and Jubail. The project would target a domestic supply of carbon black and rubber and thermoplastic specialty polymers (EPDM, TPO, Butyl, SBR/PBR) to serve emerging local and international markets. Expected project start-up is 2011.

The project would utilize feedstocks allocated by the Ministry of Petroleum & Mineral Resources of the Kingdom of Saudi Arabia, and additional feedstocks from other sources in the Kingdom that will be processed at Saudi Yanbu Petrochemical Company (YANPET) in Yanbu and Al-Jubail Petrochemical Company (KEMYA) in Jubail.

SABIC (www.sabic.com) is one of the world’s 10 largest petrochemicals manufacturers and among the world’s market leaders in the production of Polyethylene, Polypropylene, Glycols, Methanol, MTBE and Fertilizers as well as the fourth largest Polyolefins producer. It is also the largest steel manufacturing company in the Middle East and North Africa. It operates globally and is committed to providing outstanding quality and customer care.

ExxonMobil Chemical (www.exxonmobilchemical.com) is a global leader in technology, product quality and customer service with petrochemical manufacturing and/or marketing operations in more than 150 countries around the world. Its products include Olefins, Aromatics, Fluids, Synthetic Rubber, Polyethylene, Polypropylene, Oriented Polypropylene packaging films, Plasticizers, synthetic lubricant basestocks and additives for fuels and lubricants.

2006/11/15 Basell

Basell JV with Sahara Petrochemical Company secures Shariah compliant financing

Al-Waha Petrochemical Company, the joint venture between Basell (25%) and Sahara Petrochemical Company (75%) in Al-Jubail Industrial City in the Kingdom of Saudi Arabia, yesterday completed the signing of the Shariah compliant Financing Facilities Agreement and all related financing documents with six regional banks.


Engineering, procurement and construction (EPC) activities for the 450 KT per year Spherizone polypropylene plant and a propane dehydrogenation unit began in January this year based on an early works agreement with Tecnimont and Daelim. The EPC contract was signed on September 18, 2006 and commercial production is foreseen in the first quarter 2009.



The Al-Waha joint venture is Basell’s third major investment in Saudi-Arabia. A first joint venture with Tasnee Petrochemicals, involving a polypropylene plant and a propane dehydrogenation unit, commenced commercial operations in May 2004. Its current capacity of 500 KT per year will be expanded to 800 KT by end 2008.

In June this year Basell’s second joint venture in the Kingdom, Saudi Ethylene and Polyethylene Company, was established jointly with both Tasnee Petrochemicals and Sahara Petrochemical Company. The new company is currently constructing a cracker for the production of 1000 KT per year of ethylene and 285 KT per year of propylene; one 400 KT per year high density polyethylene (HDPE) plant using Basell’s latest generation Hostalen ACP process, and one 400 KT per year low density polyethylene (LDPE) plant using Basell’s Lupotech T technology. The start up of these facilities will be in the fourth quarter 2008.

Trade Arabia January 22, 2006

Zamil Group and Huntsman Company sign SR500 million ($135 million) JV agreement

Zamil Group and the Huntsman Corporation of USA announced their intention to form a joint venture to build a world scale Ethyleneamines manufacturing facility in Jubail Industrial City, Saudi Arabia, through the signing of the joint venture shareholders agreement. The total investment cost in the project is put around SR 500 million ($135 million).


HE Mr. Abdul Aziz AL-Zamil, Chairman of the Industrial Sector at Zamil Group and Mr. Donald Joseph Stanutz, President of Performance Products Division, Huntsman Corporation signed the shareholders agreement on January 22, 2006 to form the joint venture, the Arabian Amines Company (AAC).

The 66 million pound (30,000 MTE) plant will produce Ethylenediamine (EDA), Diethylenetriamine (DET A), Triethylenetetramine (TET A) and higher molecular weight versions such as TEPA, E-100, AEP and Piperazine. The products serve as specialty intermediates for a variety of end uses including epoxy curing agents, bonding agents and lube-oil additives for gasoline and diesel engines. The companies anticipate the plant being on line in 2008.

Huntsman and Zamil Group will have equal ownership in AAC. The venture will use Huntsman's proprietary technology that the company has optimized in its U.S. plants. Huntsman will serve as the exclusive sales and marketing arm for the joint venture and will provide technical service and product applications knowledge.

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2006/11/2 Huntsman

Huntsman’s Saudi Joint Venture Achieves Milestone in New Amines Project
Plant to Begin Production in 2009

Huntsman Corporation and its partner, the Saudi Arabia-based Al-Zamil Group, today announced the signing of a definitive Project Management Consultancy (PMC) agreement with Jacobs Engineering for overall project management for the development of the previously announced new ethyleneamines complex in Jubail, Saudi Arabia.


"All of the pieces for this project are falling into place nicely,” said Stanutz. “We are on schedule to start production in the first quarter of 2009.”

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2007/12/12 Huntsman

Huntsman, Al-Zamil Joint Venture Achieves Milestones

Huntsman Corporation and Saudi-based Al-Zamil Group today announced three significant milestones in their joint venture, to be named the Arabian Amines Company: the venture, which will construct a world scale 27,000 MT/yr ethyleneamines plant in Jubail, Saudi Arabia, has been formally approved by the boards of both Huntsman Corporation and the Al-Zamil Group; they have selected Hyundai Engineering Co. Ltd and Hanwha Engineering and Construction Corporation as the Engineering, Procurement and Construction (EPC) contractors for the project; and, in addition, they have received initial approval from the Board of Directors of the Saudi Industrial Development Fund (SIDF).

The planned facility will utilize proprietary ethyleneamines process technology provided by Huntsman. The plant is scheduled to break ground in early 2008 and start up in January of 2010. Funding for the new plant will come from the joint venture’s equity capital, supported by senior debt, which will include loans from the SIDF and commercial lenders.

Huntsman will license its technology to the joint venture for use in the plant and will also serve as the exclusive sales and marketing agent for the venture’s output, much of which will be sold in Asia.

His Excellency Eng. Abdul Aziz Al-Zamil, Vice Chairman and CEO of the Al Zamil Group, and Mr. Peter R. Huntsman, President and CEO of Huntsman Corporation, meeting together while attending the Gulf Petrochemicals and Chemicals Association forum in Dubai, UAE, both expressed their satisfaction in the project’s advancement and their confidence in this strategic investment for both companies.

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2008/4/29 Huntsman

Huntsman, Al-Zamil Joint Venture Breaks Ground On New Plant

Huntsman Corporation and Saudi-based Al-Zamil Group today announced that their joint venture, Arabian Amines Company, has broken ground on its world-scale ethyleneamines project in Jubail, Saudi Arabia. The joint venture expects to finish construction of the 27,000 mt/yr facility by the end of 2009.

Hyundai Engineering Co. Ltd and Hanwha Engineering and Construction Corporation, selected by Huntsman and Al-Zamil Group as the Engineering, Procurement and Construction (EPC) contractors for the project, joined in the ceremonial April 28th groundbreaking activities in Jubail.

2007/4/5 MarketWatch

Saudi Aramco-Dow Chemical project costs surge to $22 bln -industry

Saudi Arabian Oil Co. and Dow Chemical Co. are adamant they will go ahead with building a large-scale refinery and petrochemicals complex in eastern Saudi Arabia, company officials said this week, despite industry estimates that costs have more than doubled to $22 billion.
A memorandum of understanding was due to be signed at the start of this year, but neither company would be drawn on when this will now happen.

The project, to come on stream in the second quarter of 2012, will integrate Aramco's existing refinery at Ras Tanura with a new petrochemicals complex on the oil-rich kingdom's Persian Gulf coast.
Industry estimates put the cost for the complex at $10 billion when it was first mulled over by Aramco and at $15 billion last July when Aramco announced that it had selected Dow to enter into exclusive negotiations on developing the project.
However, industry sources in and outside Saudi Arabia now say building the complex may cost as much as $22 billion.
Aramco and Sumitomo Chemical Co. of Japan in 2005 signed a joint venture agreement to develop a similar complex at Rabigh on the Red Sea at a cost of $4.3 billion.
That project is now estimated to cost the two companies up to $10 billion to develop.

2007/12/17 Chevron Phillips

Saudi Polymers Company Awards EPC Contracts

Chevron Phillips Chemical Company LLC (Chevron Phillips Chemical) announced today that Daelim Industrial Co., Ltd., of South Korea, and JGC Corporation, of Japan, will provide the engineering, procurement and construction services for Saudi Polymers Company's NCP Project (Saudi Polymers).

Saudi Polymers will construct and operate an integrated petrochemicals complex at al-Jubail, a Saudi Arabian industrial city located on the Persian Gulf. Once complete, Saudi Polymers will include a world-class olefins cracker, and will produce ethylene, propylene, polyethylene, polypropylene, polystyrene and 1-hexene. Saudi Polymers will begin construction in January 2008, with project completion expected in early 2011. Commercial production is scheduled to begin in September 2011.

JGC will perform the engineering, procurement and construction services for Saudi Polymer's 1.2 MM tpa cracker, 200 kta metathesis facility and 100 kta 1-hexene facility. The cracker and metathesis technologies will be provided by Lummus, and the 1-hexene technology provided by Chevron Phillips Chemical.

Daelim will provide engineering, procurement and construction services for Saudi Polymer's 2 x 550 kta polyethylene trains, 400 kta polypropylene train and 2 x 100 kta polystyrene trains.

Saudi Polymers Company is a new limited liability company incorporated in the Kingdom of Saudi Arabia created to execute the NCP Project. Saudi Polymers will be initially owned 50 percent by Arabian Chevron Phillips Petrochemical Company Limited (ACP), a wholly-owned subsidiary of Chevron Phillips Chemical Company LLC and 50 percent by Saudi Industrial Investment Group (SIIG). Ultimately Saudi Polymers Company will be owned 35 percent by ACP and 65 percent by National Petrochemical Company (Petrochem), a new joint stock company incorporated in the Kingdom of Saudi Arabia.

Saudi Polymers Company will be the third petrochemical complex built by Chevron Phillips and SIIG at al-Jubail.

About Saudi Industrial Investment Group

Saudi Industrial Investment Group is publicly traded on the Saudi stock exchange. It includes among its shareholders leading Saudi businessmen and several Saudi public joint stock companies focused on industrial investment in the petrochemical industry in Saudi Arabia. The Chairman of the group is Sheikh Abdulaziz Zaid Al-Quraishi. The group was originally founded in 1985 by the late Sheikh Ahmad Juffali as the Saudi Industrial Venture Capital Group (SIVCG). For more information about Saudi Industrial Investment Group, visit www.siig.com.sa.

Platts 2008/1/22

Chevron Phillips Chemical, which expects to start construction this month on a joint venture steam cracker in Al-Jubail, Saudi Arabia, plans to buy the plant's ethane and propane feedstocks from Saudi Aramco, a company source said at the weekend.

2007/12/20 日揮

サウジアラビアで大型石油化学プラントを受注

日揮株式会社(代表取締役会長兼CEO 重久吉弘、横浜本社 横浜市西区みなとみらい2-3-1)は、日揮のサウジアラビア法人であるJGCアラビア社と共同で、サウジ・ポリマー社から大型石油化学プラント(NCPプロジェクト)を受注しましたのでお知らせいたします。詳細は以下の通りです。

1.	顧客名 ：	サウジ・ポリマー社 　 [出資企業] 　 米国シェブロンフィリップス・ケミカル社 50% サウジ・インダストリアル・インベストメント社 50%
2.	建設地：	サウジアラビア・ジュベイル工業地区
3.	契約内容 ：	エチレンプラント(120万トン/年) および付帯設備に係る設計、機材調達、建設工事(EPC)の一括受注
4	契約形式：	ランプサム転換型契約
5.	契約納期 ：	2011年中期
6.	プロジェクトの概要：　　　　　　　　　：	本プロジェクトは基礎化学品需要の世界的かつ継続的な高まりを受けて、米国とサウジアラビアの合弁企業がサウジアラビアに建設する大型石油化学コンプレックスです。このうち当社はルーマス法によるエチレンプラント、メタセシス(プロピレン)プラント、ヘキセン-1(ポリエチレン中間原料)プラントなどのEPCを担当します。 当社は2004年に同地区で本プロジェクトと同じ出資企業2社による大型スチレンモノマープラント(JCPプロジェクト)のEPCを受注しており、今回は同じ顧客からの連続受注となります。　 今回の受注は当社の中東地域、特にサウジアラビアでの豊富な実績と経験、HSE(衛生・安全・環境)遂行が高い評価を受けたことに加え、JCPプロジェクトを通じてプラント投資が集中する同国で建設リソースを早期確保し、必要な知見を発揮できる企業として選ばれたものと考えています。 今後も世界各国で多くの化学プラントが計画されており、当社はこれらプロジェクトの受注に向けて積極的な営業活動を展開していく所存です。

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2012/10/1  Chevron Phillips　

Saudi Polymers Company Manufacturing Facility Begins Commercial Production, Chevron Phillips Chemical Announces

Chevron Phillips Chemical Company LLC  congratulates Saudi Polymers Company (SPCo) and its joint venture partner, National Petrochemical Company (Petrochem), as the joint venture’s manufacturing facility located in Al-Jubail, Saudi Arabia, begins commercial production.

2008/1/25　Chevron Phillips のサウジ石化事業

"This is an exciting time for the SPCo team, and we are proud to report we’ve safely achieved start-up and commercial production for our new facilities," said Mike Zeglin, executive president of Saudi Polymers Company. "We will now be working to fill the critical inventory targets needed to ensure our long-term reliability as a supplier of quality products."

The integrated SPCo petrochemicals complex includes world-class operating units that are capable of producing Ethylene (1,220 kmta), Propylene (440 kmta), Polyethylene (1,100 kmta), Polypropylene (400 kmta), Polystyrene (200 kmta) and 1-Hexene (100 kmta). In addition to direct sales to serve local Saudi demand, SPCo will manufacture products to serve growing world demand outside the Kingdom of Saudi Arabia through its exclusive distributor, Gulf Polymers Distribution Company, utilizing Chevron Phillips Chemical’s global marketing network.

SPCo, which began construction in January 2008, has created approximately 950 jobs, with a high percentage being occupied by Saudi nationals.

SPCo is a limited liability company incorporated in the Kingdom of Saudi Arabia that is owned 65 percent by Petrochem, a joint-stock company incorporated in the Kingdom of Saudi Arabia and 35 percent by Arabian Chevron Phillips Petrochemical Company (ACP), a wholly-owned subsidiary of Chevron Phillips Chemical.

立地：ジュベイル工業地区

2008/1/16 NorSun AS 　　　→変更　　Polysilicon Technology Company to build the region's first polysilicon manufacturing plant

NorSun forms JV with Saudi partners to build polysilicon complex in Jubail industrial city, Saudi Arabia

NorSun AS has signed a joint venture agreement with the Saudi Arabian companies Swicorp-Joussour (Swicorp) and Chemical Development Company (CDC) an entity having the Olayan Group and the Shoabi Group as major shareholders. The purpose of the agreement is to establish a joint venture company with the aim to build and operate a polysilicon complex in the industrial city of Jubail in Saudi Arabia.

The production capacity of polysilicon at the initial plant will be the equivalent of 500 MW per year. Commercial production is planned to commence in 2010. The site will allow for subsequent expansions up to an annual production capacity equivalent to 2000 MW.

In conjunction with the joint venture agreement, NorSun has signed a 10 year off-take agreement for 50% of the output of the initial plant capacity. NorSun and SunPower Corporation have also signed a put/call agreement for half of NorSun’s initial shareholding in the new company. NorSun will initially own 50% of the shareholding in the company, while Swicorp and CDC will hold 25% each.

About Swiscorp and CDC
Swicorp is a private equity firm based in the Middle East. CDC is a private stock company owned by four major private groups in Saudi Arabia; Olayan, Shoaibi, Al-Mojel and Salman Al-Jishi. CDC is headquartered in Khobar, the Eastern province of Saudi Arabia, and is mandated to invest in petrochemical and energy intensive industries.

Norsun selects Singapore for its new solar wafer plant

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NorSun 　　http://www.norsuncorp.no/?sc_lang=en

NorSun is a subsidiary of Scatec AS and was established in December 2005. 

NorSun signed an agreement of intention with Årdal Framtid in June 2006 with the intention of building a factory for the production of silicone mono crystalline ingots and wafers. 

The final decision to construct the wafer factory in Årdal was taken by the NorSun Board of Directors at the end of August 2006.

In December 2006, NorSun raised through emissions: NOK 650 million, in new equity.

The construction of the new factory in Årdal commenced at the beginning of 2007.

NorSun produces “Monocrystalline Wafers” for the international solar energy market. NorSun is aiming for producing wafers to the high end market segment for application in solar cells. The international solar energy market is in strong growth and the product is in high demand in the global market. NorSun currently operates a manufacturing site in Finland and is constructing its first large scale 185 MW manufacturing plant in Årdal, Norway. The construction of the Årdal factory started in January 2007 and the start-up of production is planned to take place in 1Q 2008.
 
NorSun has a strong capital base allowing rapid expansion. In order to honour contracted commitments, NorSun is aiming for high speed execution and is presently initiating both an expansion of ingot and wafer capacity as well as polysilicon production internationally.

伊藤忠の出資比率は4％ ノルスクヒドロは19％

NIKKEI NET　2006年12月18日

　伊藤忠商事は太陽電池の原材料を製造するノルウェー企業に出資する。2008年から シリコンウエハーなどの生産を始めるノルサン社に4％出資した。将来は原材料生産に 加え、太陽電池の販売まで手がける考えだ。

　ノルウェーのエネルギー大手ノルスクヒドロが大株主である新興企業ノルサンに 約10億円出資した。第三者割当増資を一部引き受け、増資後の伊藤忠の出資比率は4％。 ノルスクヒドロは19％となる。

2006年12月18日 伊藤忠

ノルウェー太陽電池用シリコンウェーハ製造会社に対する出資について

伊藤忠商事株式会社はこの度太陽電池用シリコンウェーハ製造を開始するNorSun AS社（本社 ： ノルウェー オスロ市、社長 ： Jon Hindar、以下NorSun社） の新規発行株式の一部を引き受け、経営参画していくことで現経営陣と合意を致しました。出資金額は約10億円、増資後の総発行株数の4%にあたります。

NorSun社は、現在世界最大の太陽電池関連企業群であるRenewable Energy Corporationを創設、初代CEOを務めたDr. Alf Bjorsethにより、太陽電池分野での広範囲に亘る事業展開を通じ、本業界の発展に貢献する事を目的として、2005年12月に設立されました。 本ウェーハ事業に関しては、ノルウェー西部のArdal市において、2008年初頭の量産開始を目指し工場建設を開始済であり、以後、順次生産規模を拡大し、2010年には年産能力を太陽電池換算で430MWにまで引き上げる予定です。

当社は本年春より社内に太陽電池専門チームを発足させ、本分野における取り組みを加速する事を決定致しました。 今回の出資によりNorSun社を本分野におけるコア事業と位置付け、人的交流も含めた関係強化、また今回の事業パートナーである現地大手資源会社、欧米大手投資銀行、他のパートナー各社、NorSun社顧客である有力セルメーカー等と本分野における連携強化を図って参ります。
その上で、新技術の発掘及び事業化、上流から下流までのバリューチェーン構築等、積極的な事業展開を推進し、今後が有望視されるクリーンエネルギーの一つである太陽電池分野のビジネス拡大を通じ社会へ大きく貢献していくことを目指して行きます。

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2006/11/8

Norsk Hydro Invests in Norsun for Solar Cell Production

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2008/3/4 NorSun AS

Norsun selects Singapore for its new solar wafer plant

The Board of Directors of NorSun AS has decided that it intends to establish its next solar wafer factory in Singapore, provided that satisfactory final agreements will be completed with the authorities in Singapore. Norsun plans to start the erection of the plant during Q3 2008 which should allow start-up of commercial manufacturing in Q3 2009. The capacity of the manufacturing facility will be up to 350 MW. 　　　　原料のシリコンはサウジアラビアの合弁工場から調達。

NorSun has concluded its site selection process for the location of its next solar wafer Fab. This plant will come in addition to the existing Fab in Vantaa (Finland), and the plant that soon will become operational in Årdal (Norway).

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SunPower Corporation

SunPower solar technology was developed by Dr. Richard Swanson and his students while he was professor of electrical engineering at Stanford University.

Financial support for Dr. Swanson's early research was provided in part by the U.S. Department of Energy and the Electric Power Research Institute (EPRI).

In 1985, Dr. Swanson founded SunPower Corporation to commercialize high-efficiency photovoltaic cell technology for use in solar concentrators.

In January 2007, SunPower acquired PowerLight Corporation, a leading global provider of large-scale solar power systems. PowerLight has designed, deployed and operates hundreds of large-scale solar systems around the world with a total capacity of more than 150 megawatts and growing.

By integrating processes and technologies across the value chain, SunPower plans to reduce the installed cost of a solar system by 50% by 2012. We believe solar systems will produce power that can compete with retail electric rates and become a mainstream energy resource.

日本経済新聞　2008/7/2

サウジで発電・造水事業　住商、総事業費６０００億円

　住友商事はサウジアラビアで発電・造水事業に乗り出す。総事業費は約６千億円で日本企業による海外発電事業としては過去最大。

　サウジの東部湾岸のラスアズズールに石油火力発電所と海水淡水化設備を組み合わせた大型プラントを建設する。発電能力は１００万キロワットと日本の通常の原子力発電１基分に相当する。造水能力は世界最大の日量１００万トンで、日本の家庭なら３００万人強の生活用水を賄える。サウジ全体の給水能力を３割押し上げる効果があるという。来年２月に着工し、２０２１年の運転開始を目指す。
　サウジ政府が４０%、住商とマレーシアの独立系電力事業者のマラコフインターナショナル、現地財閥企業のアルジョメが各２０%出資して事業会社をつくり、建設から運営までを手掛ける。プロジェクトの主導権は住商が握り、主力設備は富士電機ホールディングス傘下の富士電機システムズ製を採用する考え。

　

2008年07月02日 住友商事株式会社

住友商事株式会社がサウジアラビア王国・ラスアズールIWPP入札にて一番札獲得

住友商事株式会社は、マレーシアの発電事業会社マラコフ社Malakoff Corporation Berhad 、サウジアラビア民間財閥のアルジョメ社 Al-Jomaih Automotive Company.とコンソーシアムを組み、中東のサウジアラビア王国にて実施、6月28日に締め切られたラスアズール 造水・発電プロジェクト（Ras Azzour IWPP：Independent Water and Power Producer）の入札に参加し、翌29日の開札結果、一番札（最安値提示）を獲得したことが確認されました。 

本件はサウジアラビア東部、アラビア湾岸に位置するRas Azzour (Ras Al Zour) 地区に、日量100万トンの造水プラントおよび850〜1,100MW原油焚き通常火力発電プラントの建設を行い、完工後は同プラントを操業し、20年間にわたりサウジアラビア水利電力省傘下のWater & Electricity Company（WEC）に対して電気・水の販売を行う事業権入札です。

総事業費は、新設プラント建設費用他を含み、総額約６０億ドル規模となる見込みです。今後、客先との交渉を経て、2008年度内でのWECとの売水・売電契約（PWPA）の締結およびコントラクターとのプラント建設契約の締結、国際銀行団との融資契約締結を目指します。新設プラントの完工は2012年夏を予定しています。

　

Jeddah, 22nd July 2003

A water and electricity company was established, with a capital of SR30 million ($8 million), as the first practical partnership between a government body and a semi-private establishment, Asharq Al-Awsat reported.
The new company, which will be based in Riyadh, is a partnership between the Saline Water Conversion Corporation (サウジ海水淡水化公団), a government body, and the Saudi Electricity Companyサウジ電力会社, which has a 70% government stake

On 29^th June 2008 in Riyadh, the Kingdom, WEC opened bids to build, own and operate the Ras Azzour IWPP from each of the following consortia: 

1. ACWA Power Projects / Kepco
2. Suez Tractabel / Marubeni Corporation
3. Sumitomo Corporation / Malakoff International Limited / Aljomaih Automotive Co. Ltd.

The Ras Az Zour IWPP project is the third IWPP being undertaken by WEC after successfully implementing Shuaibah and Shuqaiq IWPP.

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Shuaibah Expansion IWP

The Project was requested by the Government to be developed on an urgent basis to add 150,000m3/d net water desalination capacity. SAMAWEC, the successful bidder for the Shuaibah IWPP, was invited to submit a proposal to develop the Project broadly under the same economics and contractual arrangements as the Shuaibah IWPP . The Project is located on a reclaimed land south of Shuaibah III IWPP.

The Project is under Construction and the overall Project completion progress is 71.72 % as on 31st March, 2008.

Other Details
Project Company: Owned by SAMAWEC (60 %), PIF (32 %) & SEC (8 %)

SAMAWEC is owned 30 % by ACWA Power & remaining 30 % by Malaysian consortium (Tenaga Nasional Berhard, Malakoff Berhard & Khazanah Nasional Berhard)

Shuaibah IWPP ACWA Power, Saudi Arabia Malakoff Berhard, Malaysia Tenaga Nasional Berhard, Malaysia Khazanah Nasional, Malaysia

Shuaibah Expansion IWP ACWA Power, Saudi Arabia Malakoff Berhard, Malaysia Tenaga Nasional Berhard, Malaysia Khazanah Nasional, Malaysia

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Shuaibah-III IWPP Project

The Shuaibah-III IWPP Project is the first of the IW(P)Ps under development in Saudi Arabia and represents a major development in Saudi Arabia’s water and power sector to help satisfy the increasing national demand for power and water. The Project serves as a template for similar undertakings by Water & Electricity Company. Shuaibah - III IWPP has been developed by Saudi Malaysian Water Electricity Company (SAMAWEC) which owns 60 % of the Project Company. The overall project completion is about 88.9 % as on 31st March, 2008.

The Project is based on BOO (Build, Own & Operate) basis under a 20 year PWPA Agreement for the design, construction, commissioning, testing, ownership, operation and maintenance of a new 900 MW light crude oil-fired power and 880,000 m3/day (194 MIGD:Million Imperial Gallon per Day) desalination plant and associated facilities based on about 80:20 debt to equity project financing.

The Project is located adjacent to the existing SWCC Shoaiba power and desalination complex 110 km south of Jeddah, on the western coast of Saudi Arabia.

The project will serve the water requirements of Makkah, Jeddah, Taif and Al-Baha cities and the electrical requirement of Western Electricity grid.

The Power Plant will be operated as a base load plant with the capability of following the daily and seasonal load profile of KSA’s western region, where peak power demand occurs during summer and the Hajj periods, whereas water demand is generally constant throughout the year.

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Shuqaiq IWPP

Implementation of a 850 MW and 47 MIGD independent power and water project on a BOO basis at Shuqaiq in the Kingdom of Saudi Arabia. The project represents a major development in Saudi Arabia's water and power sector to help satisfy the increasing national demand for power and water.
The Shuqaiq phase II project will be developed as a greenfield Arabian heavy crude oil-fired power and seawater desalination plant located on land at Shuqaiq, 105 km south of Abha and 140 km north of Jizan, on the western coast of Saudi Arabia. The proposed site is located next to the existing Shuqaiq Phase I (128 MW and 26 MIGD).
The plant will be built, owned and operated by the project company and upon award of the contract the client will sell power and water for 20 years to the Water and Electricity Company (WEC) on a PWPA basis (Power and Water Purchase Agreement).
Shuqaiq is the second of four Independent Water and Power Projects (IWPPs) in the KSA. The other three projects are Shuaibah IWPP, for which ILF performed Technical Advisor Services from the RFP issue until financial close, Raz Azzour and Jubail IWPP Projects (canceled).

Shuqaiq IWPP ACWA Power, Saudi Arabia Gulf Investment Corporation (GIC), Kuwait Mitsubishi Corporation, Japan

'Arabian Co. for Water & Power Development'(ACWA Power), owned by A. Abunayyan Trading Corp. & Al Muhaidib Holding Co.

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Shuqaiq-II IWPP Project

The Shuqaiq-II IWPP Project is the second of WEC IWPPs and represents a major development in Saudi Arabia’s water and power sector to help satisfy the increasing national demand for water and power. The Project follows the template of Shuaibah IWPP undertaken in 2005 by Water & Electricity Company. The Project’s power and desalination units will be located adjacent to the existing Shuqaiq-I power and desalination complex 105 km south of Abha and 140 km north of Jazan, on the south-western (Red Sea) coast of the Kingdom of Saudi Arabia (“KSA”).

Shuqaiq- II IWPP has been developed by Shuqaiq International Water & Electricity Co. which owns 60 % of the Project Company.The overall project completion is about 25.9 % as on 31st March, 2008.

The Project is based on BOO (Build, Own & Operate) basis under a 20 year PWPA Agreement for the design, construction, commissioning, testing, ownership, operation and maintenance of a new 850 MW Arabian Heavy crude oil-fired power and 212,000 m3/day (47 MIGD) desalination plant and certain associated facilities (the “Plant”) based on about 80:20 debt to equity project financing.

The electricity and water produced at the plant will supply power to SEC southern grid and water to Abha, Jazan and other southern cities.

The Power Plant will be operated as a base load plant with the capability of following the daily and seasonal load profile of KSA’s southern region.

2007年03月02日

三菱重工、サウジアラビア向け大規模火力発電・海水淡水化設備を受注

　三菱重工業は、サウジアラビアで配電・給水事業を行う特別目的会社（ＳＰＣ）であるシュケイク水・電力会社（ＳｑＷＥＣ）から、原油焚き火力発電設備及び海水淡水化設備をフルターンキー契約で受注したと発表した。２００７年６月に着工し、初号機は、２０１０年４月からの商業運転開始を目指す。

　ＳｑＷＥＣは、大規模な発電・海水淡水化事業を進める同国の政府公共投資基金（ＰＩＦ）とサウジ電力会社（ＳＥＣ）、並びにＡＣＷＡパワー、三菱商事、クウェート投資ファンド（ＧＩＣ）の企業連合が出資するＩＷＰＰ（Ｉｎｄｅｐｅｎｄｅｎｔ　Ｗａｔｅｒ＆Ｐｏｗｅｒ　Ｐｒｏｄｕｃｅｒ）会社。今回のプロジェクトは、このＳｑＷＥＣから、サウジ海水淡水化公団（ＳＷＣＣ）とＳＥＣ両社の合弁会社であるＷＥＣ（Ｗａｔｅｒ＆Ｅｌｅｃｔｒｉｃｉｔｙ　Ｃｏｍｐａｎｙ）へ電力と水を長期にわたり供給しようとするもので、ＳｑＷＥＣは、ＷＥＣとの間で、２０年間にわたり電力と水を供給する契約を締結しており、これに基づき、大規模な発電・海水淡水化設備の建設が進められる。三菱重工は、設備の設計・製作から建設・試運転までを担当し、発電機は、三菱電機が供給する。

　発電・海水淡水化設備は、同国西側南部のシュケイク地区に設置され、ＷＥＣを通じ、配電・給水事業が行われ、このうち電力は、ＳＥＣの南部送電網を経由し、水は、ＳＷＣＣの送水網を経由して、ともにアブハ、ジザンを始めとする南部都市へ供給するという。

　火力発電設備は、総出力１０２万ｋＷで、３４万ｋＷ蒸気タービン３基、原油焚きボイラー３基、発電機３基などで構成され、海水淡水化設備は、二段の逆浸透膜の活用により海水を濾して脱塩する逆浸透（ＲＯ）法プラントで、１日当たり２１万６０００ｍ３の飲料水を供給する予定。

August 21, 2008　AP

Saudi move clears way for outside investment

Saudi Arabia has decided to give outsiders limited access to the country's stock market - a move that could open up the Middle East's largest exchange to increased foreign investment.

The decision, announced Wednesday by the country's Capital Market Authority, will allow certain authorized market players such as local branches of global investment banks to enter into financial transactions known as swap agreements with foreigners. The rules apply to both institutional and individual foreign investors.

Although the new regulations do not allow foreigners to own shares of Saudi companies outright, they do for the first time let outsiders reap economic benefits of shares traded on the Riyadh-based exchange, known as Tawadul.


The arrangement, however, ensures that legal ownership and shareholder voting power remain within Saudi Arabia.

Sep 21, 2008 Reuters

Aramco-Dow petrochemical plant faces delays

Saudi Aramco and U.S. firm Dow Chemicals' giant Ras Tanura petrochemical faces delays as the sheer size of the project complicates design, the Middle East Economic Survey (MEES) reported.

Dow's investment in the plant, last estimated to cost around $22 billion, will be the largest single foreign investment in Saudi Arabia's energy sector. The plant was due to begin production in 2012.

U.S.-based KBR won the front-end engineering and design contract for the plant in July 2007, but that contract will be split and partly awarded to another company, MEES reported, citing industry sources.

Tight equipment and labor supplies are driving up costs for energy projects worldwide, causing delays and even cancellations.

2009年03月10日 住友商事 　　　　　　現地報道

サウジアラビアで炭化珪素(SiC)の製造事業に参入

住友商事株式会社（社長：加藤　進、以下住友商事）は、米国ワシントンミルズ社(Washington Mills ニューヨーク州)、サウジアラビア　アルゴサイビ Ahmad H. Algosaibi & Brothers と共に、サウジアラビア東岸　ジュベール工業団地で炭化珪素の製造を行なう合意書に締結しました。

住友商事は両社と、2009年6月までに合弁会社「シリコンカーバイドサウジアラビア社 Silicon Carbide Saudi Arabia」を設立、工場の建設を開始する予定です。出資額は、約20億円で、出資比率は、住友商事が20％、ワシントンミルズ社/アルゴサイビ社が各40％です。
新工場は年間24000トンの製造能力を有し、2011年1月より製造販売を開始する予定です。

Washington Mills is one of the world's largest producers of abrasives and fused mineral products, offering an exceptionally wide line of standard abrasive grain and specialty electro-fused minerals from its worldwide multi-plant locations.

Ahmad H. Algosaibi is a Saudi-based diversified family company, engaged in manufacturing, trading, real estate, and investments. The company is known for its pioneering projects and is engaged with many multinational companies in Middle East joint ventures and trading relationships.

炭化ケイ素（炭化珪素　silicon carbide）はケイ素の炭化物で黒色のセラミックスです。炭化ケイ素（炭化珪素）は他のファインセラミックスと比べ、高温域（1000℃以上）での機械強度の低下が小さく、耐磨耗性の高い材料です。また、共有結合性が強いため各種ファインセラミックスの中では最も硬く、耐食性に優れ、液中での摺動特性が良好です。この様な特性を生かし、メカニカルシールやケミカルポンプの軸受けなどに利用されています。また、半導体製造装置のウェハーフォークや耐プラズマ性が要求される部材などにも利用されています。

大きな炉内にケイ石とコークスを詰め、中心部の黒鉛電極に大電流を流して発熱させ、2000℃以上の高温で反応させるとSiO2が還元されてSiCが合成される方法である。

炭化ケイ素の製造には多量の電力が必要で、安価な電力が得られる立地で行われる。

http://www.ahalgosaibi.com/

Now a conglomerate, A. H. Algosaibi & Bros. Co.'s early beginnings were in the 1940's under the name of Hamad Algosaibi & Sons. Following the entrepreneurship spirit of their late father, the three co-founders, the late Ahmad, Abdulaziz and Sulaiman Algosaibi expanded the business and diversified its activities.

Commercially, the Company is known to have established the first bonded Warehouse dedicated solely to Saudi Aramco. The Company also supplied Saudi Aramco's first locally purchased order for steel pipes, tugboats and tires.

Industrially, the Company is similarly known to have been a pioneer in building a soft drinks filling factory in the mid-50's for Pepsi Cola Products, co-founder of the first electric power station and Saudi Cement plant in the Eastern Province of the Kingdom.

The passage of years gave rise to other successful business enterprises in the various sectors of the Saudi economy: manufacturing, trading, shipping, real estate, agriculture, banking, insurance, travel services, media, and hotel with branches covering the Kingdom.

Taken no less seriously, social and environmental responsibilities have been central the Company strategies. In line with that, A. H. Algosaibi founded Fatat el Khaleej as a social welfare society for the benefit of the local community. Concurrently, A. H. Algosaibi and Bros. are directors of Albirr Welfare and Patients' Friends Societies. The Company has also been contributing to the beautification of the main streets and beaches of Alkhobar and Dammam. Their donations crossed the borders to reach some universities and hospitals in the USA and UK.

2012/2/13 ARAB NEWS 

Jubail expansion projects approved

The Royal Commission for Jubail and Yanbu has approved six mega industrial expansion projects at a cost of SR21.2 billion at the Jubail Industrial City.

The projects are expected to generate a large number of employment opportunities. The project signing ceremony was attended by Commission Chairman Prince Saud bin Abdullah Thunayyan, at Jubail Industrial City on Sunday.

Al Jubail Petrochemical Company (Kemya), a joint venture between Saudi Basic Industries Corp. and Exxon Mobil Corp. has won a deal, the largest in value, to set up an industrial complex on an area covering 32.7 hectares. The SR12 billion facility is to produce ethylene propylene diene monomer, rubber and black carbon that are used in automobile industry, the Saudi Press Agency reported.

The second project, costing SR3 billion, was awarded to Jubail Chemical Industries Company (JANA) for setting up an industrial complex for the expansion of existing industries and adding new products with an annual production capacity of 600,000 tons. These included products used in a number of downstream industries such as painting, leather and several chemical industries.

Jubail Chemical Industries Company situated in the Industrial City of Jubail, Kingdom of Saudi Arabia and produces a range of Epoxy Resins - Liquid, Solution and Solid forms for a variety of applications.
From a modest beginning in 1999, JANA today has the capability of producing over 60,000 Metric Tons of Epoxy resin per year. These are produced under the license of Huntsman Advanced Materials, USA (originally obtained from Ciba-Geigy ).
JANA is the only producer of Epoxy resins in the Middle East and Africa.

By June of 2012, JANA will add another 60,000 metric tons capacity to its existing plant that will grow to 120,000 metric tons eventually rising to 240,000 by 2017.

JANA is now realizing the vision of its promoters to backward integrate its operations and are forging ahead with a new plant for the increasing the manufacture of Epichlorohydrin, a key raw material for making epoxy resins. An additional 90,000 tonnes of capacity is already planned.

Saudi International Petrochemical Co. (SIPCHEM) has been allocated a SR2.8 billion venture to produce ethylene vinyl acetate and low-density polyethylene with a capacity of 200,000 tons a year.

National Industrialization Co., or Tasnee, obtained approval to develop a SR1.4 billion project to produce super-absorbent polymers with the capacity of 80,000 tons a year.

The SR2 billion expansion of Saudi Arabian Fertilizer Co. (SAFCO) includes production of 3.67 million tons of urea annually. Urea is a major component in the manufacture of several synthetic products such as the melamine and fertilizers. Its technology will also take care of the preservation of the environment such as elimination of carbon dioxide by recycling it for manufacture of urea.

The prince also stressed the role of industrial cities particularly the facilities under the royal commission, which follow international specifications. “The Two industrial cities in Jubail and Yanbu in the recent year received licenses for new projects worth about SR146 billion while the current investments there stand at SR676 billion,” the prince said.