| Country |
: |
Saudi Arabia |
| Project Value |
: |
USD 2,000,000,000 Estimated |
| Sector |
: |
Petrochemicals | Olefins & Aromatics |
|
Consultant |
: |
Technip Saudi Arabia Limited
(Design) |
|
PMC |
: |
KBR
|
|
Contractor |
: |
Daelim Saudi Arabia Company Limited
(EPC) |
| Profile Type |
: |
Contract Project
|
| Associated Projects |
: |
Contract (13) |
|
Phase:
EPC - Execution
|
|
Completion: 2015
|
|
|
|
| Background |
Sadara Chemical Company plans to build a mixed feed cracker as part of its petrochemicals complex in Jubail.
The complex was initially planned to be built in Ras Tannura.
The project will utilize ethane and naptha as feedstock and it will produce 1.2 million t/y of ethylene and 400,000 t/y of propylene.
SatorpSatorp is the feedstock provider.
TechnipTechnip is the design consultant and technology provider.
KBRKBR is the PMC. |
| Expected Events |
| Schedule |
Contract Phase/Phase |
Description |
| 2015 |
Completion | Project expected to be completed
|
|
| Latest Events |
In May 2012, construction of the mixed feed cracker started.
In 2015, the project is expected to be completed. |
| Previous Events |
In March 2012, engineering works were ongoing
In September 2011, engineering works started.
In July 2011, the EPC contract was awarded to Daelim Saudi ArabiaDaelim Saudi Arabia.
In May 2011, bids for the EPC contract were under evaluation.
In April 2011, bids for the EPC contract were submitted.
In March 2011, design works were ongoing.
In July 2007, KBRKBR was awarded the overall PMC contract.
In May 2007, Saudi AramcoAramco and Dow Chemical CompanyDow Chemical Company signed the memorandum of understanding for developing the project. |
| Scope of Work |
Construction of a mixed feed cracker and associated facilities. |
| Financing Source |
Royal Bank of ScotlandRoyal 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 Q3 2012, Sadara is expected to complete the financing with a financial close expected in Q1 2013.
In Q2 2012, AramcoAramco and DowDow 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, AramcoAramco and DowDow started approaching export credit agencies (ECAs) for financing the project. |
| Contract Packages |
| Type |
Project Name |
Contract Value |
 |
Sadara Chemical Company - Jubail Petrochemicals Complex |
USD 20,000,000,000 |
|
Sadara Chemical Company - Jubail Petrochemicals Complex - Aniline-Formalin and DNT-Nitric Facilities |
- |
|
Sadara Chemical Company - Jubail Petrochemicals Complex - Hydrogen, Carbon Monoxide and Ammonia Plants |
USD 450,000,000 |
|
Sadara Chemical Company - Jubail Petrochemicals Complex - Offsites and Utilities |
USD 1,800,000,000 |
|
Sadara Chemical Company - Jubail Petrochemicals Complex - Chlorine Plant |
- |
|
Sadara Chemical Company - Jubail Petrochemicals Complex - Cycrogenic Tank Farm |
- |
|
Sadara Chemical Company - Jubail Petrochemicals Complex - Ethylene Oxide Plant |
USD 600,000,000 |
|
Sadara Chemical Company - Jubail Petrochemicals Complex - Hydrogen Plant |
- |
|
Sadara Chemical Company - Jubail Petrochemicals Complex - Main Tank Farm |
USD 400,000,000 |
|
Sadara Chemical Company - Jubail Petrochemicals Complex - Oxygen Plant |
- |
|
Sadara Chemical Company - Jubail Petrochemicals Complex - PMD and TDI Production Facilities |
- |
|
Sadara Chemical Company - Jubail Petrochemicals Complex - Propylene Oxide Unit |
- |
|
Sadara Chemical Company - Jubail Petrochemicals Complex - Third Tank Farm |
- |
|
Sahara Chemical Company - Petrochemicals Complex - Marine Package |
USD 100,000,000 |
|
|
|
|
|
Key:
Master Project
Package Project
Contract Project
|
|
 |
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|
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