Jubail Petrochemicals Complex - PMDI and PMDA Production Facilities.
Project End: Q4 2015
Project Status: Active
Project Phase: EPC - Execution
Project Value: USD 500,000,000
Project Location: Jubail Industrial City 2, Saudi Arabia
Facility Type: Polymeric Methylene Diphenyl Diisocyanate (PMD) and Pyromellitic Dianhydride (PMDA) Production Facilities
Contract Type: EPC - Engineering, Procurement, Construction
Scope of Work:
Construction of polymeric methylene diphenyl diisocyanate (PMD) and Pyromellitic dianhydride (PMDA) production facilities.
Sadara Chemical Company plans to build polymeric methylene diphenyl diisocyanate (PMDI) and Pyromellitic dianhydride (PMDA) production facilities as part of the petrochemicals complex in Jubail, Saudi Arabia.
The complex was initially planned to be built in Ras Tannura.
Royal Bank of Scotland is the financial adviser.
The project will be funded by 70% Debt, 30% Equity. The joint venture plans to float a 30% stake in an IPO and will make a decision on the size and timing of the IPO after completing early engineering.
In October 2012, Sadara received the approval from the US Export-Import Bank for a USD 4.98 billion dollar loan.
In Q2 2012, Aramco and Dow are expected to start negotiations with commercial banks regarding the financing deals. Nine export credit agencies (ECAs), including the local Pubilc Investment Fund, are in advanced stages of negotiations to supply direct loans or loan insurances.
In September 2011, Aramco and Dow started approaching export credit agencies (ECAs) for financing the project.
KBR - FEED & PMC
P.O. Box 3474,
Tel: +966 3-858-8877
Fax: +966 3-873-0176
Jacobs Zamel and Turbag Consulting Engineers - FEED
Jacobs ZATE Building, King Abdullah Road, Noor Rashid Mall Area,
P.O. Box 981, Saudi Arabia
Tel: +966 13-898-9900
Fax: +966 13-898-5393
Email: firstname.lastname@example.org, email@example.com
Daelim Engineering and Construction
Al Raja Tower, 1st Floor, King Abdulaziz Road,
Tel: +966 3-887-9303
Fax: +966 3-887-8909
Saudi Arabian Oil Company - Saudi Arabia - 65 %
Dow Chemical IMEA - United States - 35 %
country :Saudi Arabia
2014 Al Bawaba (Albawaba.com) Provided by Syndigate.info , an Albawaba.com company
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|Date:||Jan 18, 2014|
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