Gulf Oil and Gas accountACCOUNT

SIIG and ACP Announce New Projects in Al-Jubail

Source: www.gulfoilandgas.com 6/28/2010, Location: Middle East

Saudi Industrial Investment Group (SIIG) and Arabian Chevron Phillips Petrochemical Company Limited (ACP) announced today they intend to build a Polyamide 6,6 manufacturing plant and a number of polymer conversion projects in the Kingdom of Saudi Arabia. The projects will be located in the Eastern Province industrial city of Al-Jubail, and are slated to begin operations in 2013.

The polyamide 6,6 plant will be built using state-of-the-art technology licensed from a leading producer of polyamide 6,6. The polymer conversion projects are expected to include high-performance polyethylene pipe, irrigation products, medical disposables, complex caps and closures, pharmaceutical packaging products, polyamide 6,6 compounding, electrical fittings and automotive parts.

ACP (a wholly-owned subsidiary of Chevron Phillips Chemical Company LLC) and SIIG (a Saudi joint stock company) own interests in Saudi Chevron Phillips Company (SCP) and Jubail Chevron Phillips Company (JCP). Both joint venture projects are in Al-Jubail and are collectively known as S-Chem.

SCP began operations during December 1999 and produces benzene, cyclohexane and gasoline blendstocks. SCP was also the first private sector investment in the Kingdom of Saudi Arabia's petrochemical industry. SCP is owned 50 percent by ACP and 50 percent by SIIG. The JCP facility produces benzene, ethylbenzene, styrene and propylene, and began commercial production during the second half of 2008. JCP is owned 50 percent by ACP and 50 percent by SIIG.

In addition to and in compliment with these projects, the Saudi Polymers Company (SPCo), is a limited lSiability company incorporated in the Kingdom of Saudi Arabia owned 35 percent by ACP and 65 percent by National Petrochemical Company (Petrochem). Petrochem is a joint-stock company incorporated in the Kingdom of Saudi Arabia and owned 50 percent by Saudi investors and 50 percent by SIIG.

SPCo is currently constructing a project in Al-Jubail adjacent to the S-Chem facilities. Once completed, the SPCo project will include a world-class olefins cracker and will produce ethylene, propylene, polyethylene, polypropylene, polystyrene and 1-hexene. SPCo began construction in January 2008, with commercial production scheduled to begin during the second half of 2011.

Taken together, the new polyamide 6,6 manufacturing plant and polymer conversion projects represent the next major strategic investments in the region. They are also expected to provide career opportunities for Saudi nationals.

Petrochemicals News in Saudi Arabia >>

Singapore >>  8/20/2019 - Qatar Petroleum for the Sale of Petroleum Products Company (QPSPP), has recently concluded a 5-year sale agreement with ExxonMobil Trading Asia Pacifi...
Russia >>  8/15/2019 - SIBURís Blagoveshchensk site has held a ceremony to celebrate the completed reconstruction of the terephthalic acid production facility, the only one ...

Russia >>  8/13/2019 - Gazpromneft-Bitumen Materials, operator of the Gazprom Neft bitumens business, achieved sales of more than 100,000 tonnes of high-tech modified bitume...
Iran >>  8/7/2019 - The CEO of the Persian Gulf Petrochemical Industries Company (PGPIC) said the holding company was currently building projects with a total value of 10...

Related Categories: Agents, Anti-foaming  Aromatic Solvents  Butene  Cleaning  Corrosion Inhibiting  Crude Oil  Diesel Fuel  Ethylene  Fluids Drilling, Completion, Workover & Stimulation  Fluids/Chemicals  Fracturing Sand  Fuel oil  Gasoline (Lead free)  General  Grout  Jet fuel  Kerosene. Domestic use  Lubricants, Oils & Greases  Nitrogen  Oil Treating & Refining  Polyethylene  Polyvinyl chloride  Propane  Sand, Sandblast  Summer Diesel  Surfactants 

Related Articles: Aromatic Solvents  Butene  Cleaning  Corrosion Inhibiting  Crude Oil  Diesel Fuel  Ethylene  Fluids Drilling, Completion, Workover & Stimulation  Fluids/Chemicals  Fracturing Sand  Fuel oil  Gasoline (Lead free)  General  Jet fuel  Kerosene. Domestic use  Lubricants, Oils & Greases  Nitrogen  Oil Treating & Refining  Polyethylene  Polyvinyl chloride  Propane  Sand, Sandblast  Surfactants 


Saudi Arabia Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 |

Oil & Gas Projects in Saudi Arabia >>

More News

Related Links

AE BH IL IQ JO KW LB OM QA SA SY YE
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.