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Aramco and Dow schedule final bids of giant petrochemical project

July 21/2010

(plastemart) -- Saudi Aramco and Dow Chemical Co have extended a deadline for companies to qualify for bidding to build a giant petrochemical project. This is an indication of the certainty of the project despite earlier doubts about the cost.


Originally the plant was to be built at Ras Tanura and get integrated with an expansion of the refinery. Relocate of the project to Jubail is expected to save around US$5 bln.


Besides saving money for reclaiming land at Ras Tanura, the new location will benefit from existing infrastructure in place, and synergies with an existing refinery at Jubail and a new one under construction.

 

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Aramco and Dow schedule final bids of giant petrochemical project

MRC Reference

Share in the Russian market, 2008:

 polyethylene - 2.5% (including LLDPE Ц 33.1%);

 polypropylene Ц 0.8% (including  PP-impact - 1.1%);

 polystyrene Ц 2.6%.

 

 Annual sales growth in Russia, recent 5 years:

 polyethylene - 55%;

 polypropylene Ц 28%;

 polystyrene Ц 2%.

 

 Imports by processing technologies:

 pipe extrusion;

 film extrusion;

 sheet extrusion;

 foaming.


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