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| Background |
Saudi Kayan Petrochemical CompanySaudi Kayan Petrochemical Company plans to build an amines plant at the Saudi KayanSaudi Kayan's petrochemical complex in Jubail Industrial City.
The amines complex will include six different process units. The products include methylamines, ethanolamines, ethoxylates and choline chloride.
Oxiteno technology will be used for the ethanol amine facility, Davy Process technology for the methylamine facility and Balchem Corporation technology for the choline chloride facility.
Fluor CorporationFluor Corporation is the PMC and FEED study consultant. |
| Expected Events |
| Schedule |
Contract Phase/Phase |
Description |
| Q2 2012 |
Completion | Project expected to be completed
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| Latest Events |
In March 2012, commissioning of the plant started.
In Q2 2012, the project is expected to be completed. |
| Previous Events |
In July 2010, construction of the plant was in progress.
In Q2 2010, construction of the plant started.
In Q1 2010, the EPC contract was awarded to CTCI.
In January 2010, the EPCM contract was awarded to CTCI.
On 22 December 2009, bidders submitted their proposals for the re-tendered EPC contract.
In 2009, the EPC contract was re-tendered.
In July 2005, the FEED contract was awarded to Fluor CorporationFluor Corporation for the whole complex.
In May 2005, the PMC contract was awarded to Fluor CorporationFluor Corporation for the whole complex. |
| Scope of Work |
Construction of a 100,000 t/y of ethanol amines and 40,000 t/y of ethoxylates plant along with related facilities. |
| Financing Source |
In March 2011, Saudi KayanSaudi Kayan signed a USD 533.3 million murabaha facility agreement with Banque Saudi FransiBanque Saudi Fransi to finance part of the construction costs of the project. The deal would have a maturity of up to 10 years.
In August 2010, Saudi KayanSaudi Kayan announced it secured a seven-year, USD 1.2 billion loan from National Commercial Bank (NCB), to cover part of USD 2.5 billion in cost increases in building the project. The terms of the loan were not revealed by the company.
In July 2010, Saudi KayanSaudi Kayan was in the process of securing USD 2.5 billion loan that represents the 24% project cost increase.
In December 2008, Saudi KayanSaudi Kayan signed the last part of the USD 6 billion financing contract with Saudi Industrial Development Fund for a value of USD 533 million.
In May 2008, Saudi KayanSaudi Kayan signed a USD 6 billion financing contract with a group of banks and financial institutions for a period of 15 years.
In February 2008, the Public Investment Fund (PIF)Public Investment Fund (PIF) approved a loan worth USD1.068 billion (SAR4 billion) to Al Kayan Petrochemical CompanyAl Kayan Petrochemical Company to finance part of the project.
In May 2007, Saudi KayanSaudi Kayan raised USD 6 billion in loan to part-finance the project. Kayan will get USD 1 billion from the government's Public Investment Fund, while the rest is arranged by Samba Financial Group, Arab Banking Corporation, BNP ParibasBNP Paribas and HSBCHSBC Saudi Arabia. The duration of the loan will be 15 years.
In May 2007, Saudi KayanSaudi Kayan offered an initial public offering (IPO) for a 45 % stake in its capital. |
| Contract Packages |
| Type |
Project Name |
Contract Value |
 |
Saudi Kayan - Jubail Petrochemicals Complex |
USD 12,500,000,000 |
 |
Saudi Kayan - Jubail Petrochemicals Complex - Natural Alcohol Detergent Plant |
USD 130,000,000 |
|
Saudi Kayan - Jubail Petrochemicals Complex - EO/EG Plant |
USD 500,000,000 |
|
Saudi Kayan - Jubail Petrochemicals Complex - HDPE Plant |
- |
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Saudi Kayan - Jubail Petrochemicals Complex - LDPE Plant |
USD 426,000,000 |
|
Saudi Kayan - Jubail Petrochemicals Complex - Offsites and Utilities |
USD 600,000,000 |
|
Saudi Kayan - Jubail Petrochemicals Complex - Phenolics Complex |
USD 1,200,000,000 |
|
Saudi Kayan - Jubail Petrochemicals Complex - Polycarbonate Plant |
USD 1,300,000,000 |
|
Saudi Kayan - Jubail Petrochemicals Complex - Polypropylene Plant |
USD 341,000,000 |
|
Saudi Kayan - Jubail Petrochemicals Complex - Storage Tanks |
USD 79,000,000 |
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| Project News |
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