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SABIC (AR-RAZI 5) Project Awarded to Mitsubishi heavy industries

Source: www.gulfoilandgas.com 6/6/2005, Location: Middle East

SABIC affiliate, The Saudi Methanol Company (AR-RAZI) in Jubail Industrial City, has awarded the ĎAR-RAZI 5í project contract, which includes engineering and construction, to Mitsubishi Heavy Industries. The project is expected to go on-stream in 1Q 2008 with a methanol production capacity of 1.7 million MTY.

SABIC Vice Chairman and CEO, Mohamed Al-Mady said, "The ĎAR-RAZI 5í project is a worldwide mega project in terms of its large capacity and use of world-class technology". A single production line will achieve high production capacity using oxygen as a burning medium, which in turn significantly cuts down the overall project costs of construction and subsequent operation.

"This project will strengthen SABICís competitive capability in the global methanol market".

SABIC is currently the worldís second largest producer of methanol. The project will also strengthen AR-RAZIís position as the largest single complex for the production of methanol worldwide. The existing capacity is 3 million MTY. This will be expanded to 5 million MTY following completion of the project.

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