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SAAC Signed Agreement for a Normal-Butanol Plant

Source: www.gulfoilandgas.com 1/29/2011, Location: Middle East

SAHARA Petrochemicals Company announces that one of its affiliates, Saudi Acrylic Acid Company Ltd (SAAC), SAHARA owns 43.2% equity, signed a heads of agreement on Saturday 25 Safar 1432 H Corresponding 29 January 2011 to construct, own and operate a Normal-Butanol and Iso-butraldhyde plant at an annual production capacity of 330,000 metric tons.

The agreement contemplates that the project shall be executed by the participation of three parties: Saudi Acrylic Acid Company Ltd (SAAC), Saudi Kayan Petrochemical Company (A Sabic affiliate) and the proposed joint venture between Saudi Arabian Oil Company (Saudi Aramco) and The Dow Chemicals Company. The parties shall enter into a formal negotiation phase to build, own and operate the butanol facility within Tasnee Petrochemicals Complex in Jubail Industrial City. The butanol produced by the joint plant would be equally allocated to the three parties. Tasnee would be the project operator.

Butanol production is expected to start during the second half of 2013. The initiated expected cost is about SR1, 800 millions, and is expected to provide 200 direct employment opportunities and this number shall increase by the gradual expansion of the project. It is worth mentioning that SAACís share of the butanol product would be used as feedstock for its butyl acrylate project which is expected to go on stream during the first quarter of 2013 by importing butane till the butanol project commences its production. The balance remaining will be exported and marketed by Saudi Basic Industries Company (SABIC).

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