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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.

Background:

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.

Financing Sources:

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.

Consultants:

KBR - FEED & PMC

P.O. Box 3474,

Saudi Arabia

Tel: +966 3-858-8877

Fax: +966 3-873-0176

Website: www.kbr.com

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: info.jacobsdcsa@jacobs.com, info@jacobszate.com

Website: www.jacobs.com

Contractor: EPC

Daelim Engineering and Construction

Al Raja Tower, 1st Floor, King Abdulaziz Road,

Saudi Arabia

Tel: +966 3-887-9303

Fax: +966 3-887-8909

Shareholders:

Saudi Arabian Oil Company - Saudi Arabia - 65 %

Dow Chemical IMEA - United States - 35 %

country :Saudi Arabia

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Publication:Mena Report
Geographic Code:7SAUD
Date:Jan 18, 2014
Words:339
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