Weekly MENA Newsletter will be delivered to your email in PDF format every Friday (52 Issues per Year).
Saudi Methacrylates, a 50:50 joint venture of Saudi state-owned petchems giant SABIC and Japan’s Mitsubishi Rayon (MRC), has awarded an engineering, procurement and construction (EPC) contract to Taiwan’s CTCI for a methyl methacrylate (MMA) monomer plant and linked polymethyl methacrylate (PMMA) plant at Jubail. SABIC estimates the total cost of the plants at SR3.15bn ($840mn).
SABIC originally envisaged a 2013 start-up, but says “the process of preparing the fundamental engineering designs and concluding the procurement agreements took longer than scheduled.” Engineering work began last month and mechanical completion is due in 1Q17. “The commissioning of the joint venture is expected to begin in 2Q17 for about six months, after which commercial operations will start,” SABIC adds.
DON'T HAVE AN ACCOUNT?
NEED TO UPGRADE YOUR CURRENT SUBSCRIPTION?
By upgrading your Print or Digital subscription you will gain access to the MEES Archives Database with past articles and data dating back from 1984.UPGRADE