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Projects Monitor 
Covering major construction projects in the Middle East
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 Updated: 28Oct10
 
Teldene- Polypropylene Plant
Country : Saudi Arabia
Project Value : USD 215,000,000 Estimated
Sector : Petrochemicals | Olefins & Aromatics
Contractor : Tecnimont Arabia Limited
Profile Type :  Standalone Project
Completed
Completion: Jun 2009
 
 
Owner : Teldene
Shareholders : National Petrochemical Industrial CompanyNational Petrochemical Industrial CompanyLoading... - Saudi Arabia - 85.00 %
 General Organization for Social Insurance - Saudi ArabiaGeneral Organization for Social Insurance - Saudi ArabiaLoading... - Saudi Arabia - 15.00 %
Location :
Yanbu Industrial City , Yanbu , Medina, Saudi Arabia
Contract Type : EPC - Engineering, Procurement, Construction
Payment Terms : Lump Sum Turnkey (LSTK)
Facility Type : Polypropylene Plant
Capacity : 400,000 t/y polypropylene
Background TeldeneTeldeneLoading... plans to construct a polypropylene plant in Yanbu Industrial City, Saudi Arabia.

The plant has a capacity of 400,000 t/y.

Basell is the technology provider.

Saudi Aramco will provide the fuel gas feedstock.
Latest Events On 6 August 2010, the propylene plant started operations with an annual production capacity of 394,200 tons.
Previous Events In June 2009, the plant produced 100% of the designed capacity.

In November 2008, commercial operation started.

In March 2008, trial operations started.

In March 2004, the EPC contract was awarded to TecnimontTecnimontLoading....
Scope of Work Construction of a 400,000 t/y polypropylene plant and its associated facilities.
Financing Source Gulf Investment CorporationGulf Investment CorporationLoading... and Standered Chartered Bank are the financial advisers.

The Loan will be used to finance TeldeneTeldeneLoading... project and the propylene project which is called Al Fasel.

In July 2009, the Public Investment Fund (PIF) approved NatpetNatpetLoading...'s USD 75 million loan to finance the project.

In March 2006, NatpetNatpetLoading... signed 11 years USD 411 million loan with a consortium of banks including Samba GroupSamba GroupLoading..., Banque Saudi FransiBanque Saudi FransiLoading..., National Commercial BankNational Commercial BankLoading..., Arab Banking CorporationArab Banking CorporationLoading..., BNP ParibasBNP ParibasLoading..., Saudi Hollandi BankSaudi Hollandi BankLoading... and Abu Dhabi Commercial BankAbu Dhabi Commercial BankLoading....
Project News
14-Nov-2008 NATPET's new petrochem plant begins production - Arab News
07-Jul-2008 National Petrochemicals (NATPET) signed US$ 125 million loan agreement with Public Investments Fund - Press Release
01-Mar-2006 Natpet Secures $411 Million Loan for Alfasel and Teldene Complex - APD (Arab Press Digest)
01-Jun-2005 SABIC, NatPet Sign Agreement to Sell 200,000 Tons of Polypropylene - APD (Arab Press Digest)
» More News

Project Schedule

ScheduleContract Phase/PhaseDescription
Dec 1998 EPCBidders submitted their proposals
Mar 2004 EPCContract awarded to TecnimontTecnimontLoading...
 
Prequalified Bidders Awarded
Mar 2008 CommissioningTrial operations started
Nov 2008 CommissioningCommercial operation started
Jun 2009 CompletionProject completed

Project News

14-Nov-2008 NATPET's new petrochem plant begins production - Arab News
07-Jul-2008 National Petrochemicals (NATPET) signed US$ 125 million loan agreement with Public Investments Fund - Press Release
01-Mar-2006 Natpet Secures $411 Million Loan for Alfasel and Teldene Complex - APD (Arab Press Digest)
01-Jun-2005 SABIC, NatPet Sign Agreement to Sell 200,000 Tons of Polypropylene - APD (Arab Press Digest)
 
Teldene
Owner 
C/O National Petrochemical Industries Company, Future Tower, 8th Floor, Amana Street, West Baghdadiya Area, P.O. Box 2824, Jeddah 21461, Saudi Arabia, Makkah
Tel: +966 2-644-2668 | Fax: +966 2-644-2475
  • Name: A K Singani
    Position: Project Manager
    Tel: +966 4-325-5962
 
Tecnimont Arabia Limited
Contractor 
Al Mukhmal Plaza, 5th Floor, Office 51B, Palestine Street, P.O. Box 23448, Jeddah 21426, Saudi Arabia, Makkah
Tel: +966 2-668-6112 | Fax: +966 2-667-2110 | Email: info@tecnimontarabia.com.sa
  • Name: Giuseppe Guadagno
    Position: Projects Manager
    Tel: +966 2-668-6112
    Fax: +966 2-667-2110
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