|
| Background |
Saudi Kayan Petrochemical CompanySaudi Kayan Petrochemical Company plans to develop a petrochemical complex in Jubail Industrial City, Saudi Arabia.
The estimated USD 10 billion complex will produce 1.35 million t/y of ethylene and 2.6 million t/y of finished products including polyethylene, polypropylene, ethylene glycol, polycarbonates and amines.
The complex will also produce aminoethanols, aminomethyls, dimethylformamide, choline chloride, dimethylethanol, dimethylethanolamine, ethoxylates, phenol, cumene and polycarbonate which are produced for the first time in the region.
Saudi AramcoAramco will provide the plant's ethane and butane feedstock.
The project will be carried out in several packages including major packages of Polypropylene, LDPE, HDPE, O&U, EO/EG, Phenolics, Amines and Polycarbonate packages.
Fluor Corporation is the FEED for the whole complex and is the Project Management Consultant (PMC). |
| Current Status |
In November 2009, 85% of the project was completed.
In Q1 2010, commissioning of the project is expected.
In 2010, the project is expected to be completed. |
| Previous Events |
In 2008, the EPC contracts for the eight major packages (LDPE, EO/EG, PP, Phenolics, Polycarbonate, O&U, HDPE and amines) were awarded and were under different stages of execution.
In February 2008, Shell Global Solutions was awarded a 3 years contract to prepare a start up program for the complex.
In December 2007, Saudi KayanSaudi Kayan awarded Mohammed Al Mojil Group construction contracts worth 1.5 billion Saudi riyals (USD400 million). The contracts involve general construction works including civil, structural, electrical, instrumentation and piping.
In April 2006, the project company, Saudi Kayan Petrochemical CompanySaudi Kayan Petrochemical Company, was established to oversee the project.
In June 2005, the FEED contract was awarded to Fluor Corporation for the whole complex.
In May 2005, the PMC contract was awarded to Fluor Corporation for the whole complex. |
| Scope of Work |
The complex comprises of Ethylene Cracker, Polycarbonate plant, Phenolix complex, Offsite facilities & Utilities (O&U), Polypropylene plant (PP), Linear Density Polyethylene (LDPE) plant, HDPE plant and amines complex. |
| Financing Source |
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) approved a loan worth USD1.068 billion (SAR4 billion) to Al Kayan Petrochemical CompanyAl Kayan Petrochemical Company to finance part of the project. A financial closure is expected in May 2008.
In May 2007, Saudi KayanSaudi Kayan raised USD6 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 Paribas and HSBC Saudi Arabia. SabicSabic has planned to complete the financing by end of 2007 or early 2008. 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. |
| Expected Schedule |
| Phase | Schedule | Description |
| Commissioning |
Q1 2010 | Project expected to be commissioned
|
| Completion |
2010 | Project expected to be completed
|
|
| Related Projects |
| Type |
Project Name |
Contract Value |
 |
Saudi Kayan - Jubail Petrochemicals Complex - Amines Plant |
USD 400,000,000 |
|
Saudi Kayan - Jubail Petrochemicals Complex - EO/EG Plant |
USD 500,000,000 |
|
Saudi Kayan - Jubail Petrochemicals Complex - HDPE Plant |
- |
|
Saudi Kayan - Jubail Petrochemicals Complex - LDPE Plant |
USD 300,000,000 |
|
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 |
|
|
| Schedule | Phase | Description |
| May 2005 |
PMC | Contract awarded to Fluor Corporation for the whole complex
|
| Jun 2005 |
FEED | Contract awarded to Fluor Corporation for the whole complex
|
| Oct 2006 |
EPC | Contract awarded to CTCI Corporation for the Ethane Cracker (EO-EG) package
|
| Nov 2006 |
EPC | Contract awarded to Fluor Corporation for the Offsites & Utilities (O&U) Package
|
| Jan 2007 |
EPC | Contract awarded to Simon Carves for the LDPE package
| | | EPC | Contract awarded to Samsung Engineering Company for the polypropylene (PP) package
|
| Feb 2007 |
EPC | Contract awarded to Tecnicas Reunidas for the Phenolics package
|
|
- Daelim Industrial Company
- GS Engineering and Construction Company
- Tecnicas Reunidas
|
|
| | | EPC | Contract awarded to Daelim Industrial Company for Polycarbonate package
- Daelim Industrial Company
- GS Engineering and Construction Company
- Tecnicas Reunidas
|
- Daelim Industrial Company
- GS Engineering and Construction Company
- Tecnicas Reunidas
|
- Daelim Industrial Company
|
|
| Apr 2007 |
EPC | Contract awarded to Chinese HUANQIU Contracting & Engineering Corp. (HQCEC) for HDPE package
|
|
- HUANQIU Contracting & Engineering Corp.
|
|
| May 2007 |
EPC | Contract awarded to Samsung Engineering Company for the amines package
|
| Q1 2010 |
Commissioning | Project expected to be commissioned
|
| 2010 |
Completion | Project expected to be completed
|
|
Master Project | 
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