SIIG and ACP Announce New Projects in Al-Jubail
Saudi Industrial Investment Group (SIIG) and Arabian Chevron Phillips
Petrochemical Company Limited (ACP) announced today they intend to build a
Polyamide 6,6 manufacturing plant and a number of polymer
conversion projects in the Kingdom of Saudi Arabia. The projects will be
located in the Eastern Province industrial city of Al-Jubail, and are slated to
begin operations in 2013.
The polyamide 6,6 plant will be built using state-of-the-art technology licensed
from a leading producer of polyamide 6,6. The polymer conversion projects are
expected to include high-performance polyethylene pipe,
irrigation products, medical disposables, complex caps and closures,
pharmaceutical packaging products, polyamide 6,6 compounding, electrical
fittings and automotive parts.
ACP (a wholly-owned subsidiary of Chevron Phillips Chemical Company LLC) and
SIIG (a Saudi joint stock company) own interests in Saudi
Chevron Phillips Company (SCP) and Jubail Chevron
Phillips Company (JCP). Both joint venture projects are in Al-Jubail and
are collectively known as S-Chem.
SCP began operations during December 1999 and
produces benzene, cyclohexane and gasoline blendstocks. SCP was also the first
private sector investment in the Kingdom of Saudi Arabia's petrochemical
industry. SCP is owned 50 percent by ACP and 50 percent by SIIG.
The JCP facility produces benzene, ethylbenzene,
styrene and propylene, and began commercial production during the second half of
2008. JCP is owned 50 percent by ACP and 50 percent by SIIG.
In addition to and in compliment with these projects, the
Saudi Polymers Company (SPCo), is a limited liability company
incorporated in the Kingdom of Saudi Arabia owned 35 percent by ACP and 65
percent by National Petrochemical Company (Petrochem). Petrochem is a
joint-stock company incorporated in the Kingdom of Saudi Arabia and owned 50
percent by Saudi investors and 50 percent by SIIG.
SPCo is currently constructing a project in Al-Jubail adjacent to the S-Chem
facilities. Once completed, the SPCo project will include a world-class olefins
cracker and will produce ethylene, propylene, polyethylene, polypropylene,
polystyrene and 1-hexene. SPCo began construction in January 2008, with
commercial production scheduled to begin during the second half of 2011.
Taken together, the new polyamide 6,6 manufacturing plant and polymer conversion
projects represent the next major strategic investments in the region. They are
also expected to provide career opportunities for Saudi nationals.
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February 22, 2011 Jacobs Engineering Group Inc.
Jacobs Announces Saudi Polyamide 6,6 Plant
Contract
Jacobs Engineering Group Inc. announced Tuesday that it signed a contract in
Dec. 2010, with the Saudi Industrial Investment Group (SIIG) and Arabian Chevron
Phillips Petrochemical Company Limited (ACP) to provide engineering, procurement
and construction management services for a polyamide 6,6 manufacturing plant and
a number of polymer conversion projects. The projects will be located in the
Eastern Province industrial city of Al-Jubail in the Kingdom of Saudi Arabia.
Officials did not disclose the contract value, however noted that Jacobs'
Houston, Texas and Al Khobar, Saudi Arabia offices are executing the project
work, and anticipate providing career opportunities for Saudi nationals. The
polyamide 6,6 plant is expected to be built using state of the art technology
licensed from a leading producer of polyamide 6,6. The polymer conversion
projects are expected to include high-performance polyethylene pipe, irrigation
products, medical disposables, complex caps and closures, pharmaceutical
packaging products, polyamide 6,6 compounding, electrical fittings and
automotive parts.
In making the announcement, Jacobs Group Vice President Mike Autrey stated, "We
appreciate ACP and SIIG's confidence in us. We are committed to supporting this
strategic investment in the Kingdom of Saudi Arabia."
Saudi Industrial Investment Group is a Saudi joint stock company. Arabian
Chevron Phillips Petrochemical Company Limited is a wholly owned subsidiary of
Chevron Phillips Chemical Company LLC.
Jacobs is one of the world's largest and most diverse providers of technical,
professional, and construction services.