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A new plant will produce the power cable insulation materials at Sipchems site in Jubail

October 19/2011

(Arabian oil and gas) -- Saudi International Petrochemical Company (Sipchem) affiliate Gulf Advanced Cable Insulation Company has awarded on LSTK basis the engineering design, procurement and construction contract for the Wire and Cable Polymers Compounding Plant to POSCO Engineering Co, South Korea. The new plant will produce the power cable insulation materials at Sipchems site in Jubail Industrial City. This plant comes as part of Sipchems third phase expansion downstream program. Gulf Advanced Cable Insulation Company is equally owned by Sipchem and Hanwha Chemical of South Korea.


The estimated cost of the plant is around $61.3 million, which is expected to start up in the third quarter 2013. Feedstock for the plant will be sourced from the International Polymers Company, one of Sipchem affiliates.


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