2008/1/19 SABIC、新規JV設立で MOU 締結 OSOS Petrochemical
2006/11/27 APS Review Downstream Trends
Yanbu' Is To Have New Plastics Complex
The United Maritime Lines, a private Saudi company, is planning a $1 bn polybutylene terephthalate (PBT) production complex at Yanbu'. The butane feedstock allocation has been granted by the Ministry of Petroleum and Mineral Resources and the project company, Osos Petrochemicals, is being formed.
Feb. 15, 2007 計画
Foster Wheeler Awarded FEED/PMC Contract for New Petrochemicals Complex in Saudi Arabia
Foster Wheeler Ltd. announced today that its subsidiary, Foster Wheeler Energy Limited, part of its Global Engineering and Construction Group, has been awarded a front-end engineering design (FEED) and project management consultancy (PMC) services contract by Osos Petrochemicals Company (which company is in formation) for a planned new petrochemicals complex to produce polybutylene terephthalate at Yanbu, Kingdom of Saudi Arabia.
The Foster Wheeler contract value was not disclosed and the award will be included in the company's first-quarter 2007 bookings.
In executing the FEED, Foster Wheeler's role will also include the basic design for the utilities and offsites of the project. The Company will provide PMC services up to engineering, procurement and construction (EPC) award and will be involved in the preparation of a project cost estimate, issuance of an invitation to bid for the EPC phase, evaluation of EPC bids and assistance with EPC award.
The new petrochemicals complex comprises four licensed technology process units plus associated utilities, offsites and common facilities. The complex will produce 60,000 tonnes per annum of polybutylene terephthalate (PBT), a plastic used as an insulator in the electrical and electronics industries.
"We are pleased to assist Osos Petrochemicals in realizing its first petrochemicals complex, a key element of Osos Petrochemical's strategic plan to build added-value petrochemical derivatives in the Kingdom," said Steve Davies, chairman and chief executive officer, Foster Wheeler Energy Limited. "Foster Wheeler is playing a key role in the development of the petrochemicals sector in Saudi Arabia and is currently managing over US$20 billion of petrochemical project investments for Saudi Arabian clients."
"Osos Petrochemicals has selected Foster Wheeler after proper evaluation and looks forward to building a relationship as we develop our petrochemicals investment in Saudi Arabia," commented Mubarak A. Al-Khater, managing director, Osos Petrochemicals Complex.
SABIC signs MOU for JV with newly formed OSOS Petrochemical
Saudi Arabia's SABIC has
signed a memorandum of understanding with new venture OSOS
to invest in a $1 billion project.
The proposed plant would produce: 60,000 mt/year of polybutylene terephthalate, used in various applications including electronic chips, the automotive industry and computer and communications equipment; 50,000 m/year of butanediol, an intermediate product used in polyurethane; 3,500 mt/year of tetrahydrofuran used in polytetramethylene ether glycol, drug compounds and also used as a solvent; and 85,000 mt/year of malic anhydride acid, to be used internally with the plant.
According to the MOU, SABIC would review a joint project with OSOS Petrochemicals at Yanbu industrial city in no more than 2 months. A final agreement would then be signed for SABIC to hold a 35% stake, should the two parties agree on the study.
SABIC says withdraws from $1 bln Osos talks
Saudi Basic Industries Corp 2010.SE (SABIC) said on Sunday it has pulled out of talks on taking a stake in the $1 billion Yanbu-based Osos Petrochemicals project.
"After several rounds of negotiations, the two parties have not reached a final agreement about this project, and therefore SABIC decided to not take it any further," SABIC said in a statement.
April 17, 2006 P. K. Abdul GhafourArab News
Worth SR 23 Billion Planned
Saudi Arabia intends to establish two large petrochemical projects in the twin industrial cities of Jubail and Yanbu at a total cost of SR 23 billion, Petroleum and Mineral Resources Minister Ali Al-Naimi announced yesterday.
The Jubail project would be implemented in cooperation with European, Japanese and American companies, he said. “A large part of its capital will be floated for public subscription, in coordination with the Capital Market Authority”, he added.
The minister has already approved the allocation of necessary amounts of ethane, propane, butane and natural gas required for the two giant projects. “We have also agreed with the Saudi company to sell part of its shares in existing and new projects in an IPO,” he explained. The Jubail complex would have a number of new petrochemical plants and products such as vinyl ethylene vinegar, methyl methacrylates, poly methyl methacrylates, acrylonitrile, poly acrylonitrile, carbon fibers, sodium cyanide, poly propylene and high density polyethylene.
“Some of thse products are going to be manufactured for the first time in the Kingdom”, the Saudi Press Agency quoted the minister as saying, adding that they would be used for making other products.
Referring to the Yanbu project, Al-Naimi said it would also have units for new petrochemical products including poly butylenes. A research center will be established as part of the project to develop new products using its products. The Yanbu company will also float part of its capital in an IPO.
Al-Naimi said the new projects were part of the government’s strategic plan to expand its economic and industrial base.
“These projects will increase the added value of the Kingdom’s natural resources,” the minster pointed out. The new projects come after the launch of the construction of the largest integrated refining and petrochemical complex in Rabigh, 200 km north of Jeddah last month.
Due to the enormous size of the project, the two companies decided to involve several local and international financial institutions in founding the Rabigh complex.
In a related development, Prince Saud ibn Abdullah ibn Thunayan, chairman of the Royal Commission for Jubail and Yanbu, yesterday signed and agreement for building the commission’s main center in Riyadh. The three-story building at the intersection of King Khaled Road with Makkah Road near the Diplomatic Quarter will have a permanent exhibition hall.
Prince Saud said the center was planned to meet future requirements of the commission. It also comes at a time when the Royal Commission has begun construction work for the Jubail-2 and Yanbu-2 industrial cities.
He said the new center would be used to receive high-ranking officials and guests including heads of state, ministers and chief executives of international companies