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Daelim submitted the lowest bid for the construction project of a petrochemical complex

August 18/2011

(Reuters) - South Korea's Daelim Industrial is the front runner for deals to build parts of a giant petrochemical complex owned by state oil giant Saudi Aramco and U.S. Dow Chemical , industry sources said.


Daelim submitted the lowest bid for the construction projects, which include production for toluene di-isocyanate (TDI), methylene di-para phenylene isocyanate (MDI), dinitrotoluene (DNT), mononitrobenzene (MNB), analine, formaline, sources said.


Aramco and Dow are spending USD 20 billion on the venture - Sadara Chemical Co - to build one of the world's largest petrochemical facilities in Jubail, on the Gulf coast.


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