The 400,000 b/d Jazan refinery in south western Saudi Arabia began test runs in January this year, and is currently operating at around 200,000 b/d. But the refinery is integrated with a 4GW integrated gasification combined cycle (IGCC) power plant and associated air separation unit (ASU) which have yet to begin operations. That is about to change following a key financing agreement.
The IGCC and ASU are operated by a $12bn joint venture of US industrial gases firm Air Products (46%), Saudi private energy developer Acwa Power (29.4%), Saudi Aramco (20%) and Air Products Qudra (9%). Air Products’ holdings in Qudra brings its total stake to 50.6%. (CONTINUED - 601 WORDS)