Saudi Basic Industries Corporation (SABIC) announced on 14 November that its Jubail Chemicals Storage and Services Company (JCSSC) affiliate has awarded engineering, procurement and construction (EPC) contracts to China National Chemical Engineering Corporation (CNCEC) for a new storage, handling and shipping terminal at King Fahd Industrial Port in Jubail. The total investment in the project is estimated at $400mn. The terminal is scheduled to be commissioned in early 2015 and will “enable the continued growth of the petrochemical and downstream industries in Saudi Arabia.” JCSSC is owned 75% by SABIC and 25% by Dutch tank storage operator Vopak.
The first phase of the new terminal will comprise 40 commodity and specialty chemical storage tanks, with truck handling and ship loading facilities for five berths. Storage capacity will be 250,000 cu ms. King Fahd port currently has a total of 27 berths, including five petrochemical berths with capacity to handle 5,000-45,000 dwt tankers. (CONTINUED - 250 WORDS)