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New $800m petrochemical plant for Jubail

December 20/2010

(Construction Week Online) -- Saudi International Petrochemical Company (SIPCHEM) has announced that it has awarded a contract to build a new $800m Ethylene Vinyl Acetate (EVA) and Low Density Polyethylene (LDPE) in Jubails Industrial City.


The contract has been awarded to Korean firm GS Engineering & Construction Corporation and covers the engineering design, procurement and construction of the plant. Its envisaged the new factory will be operational by Q2, 2013, will employ 200 workers, and will have an annual production capacity of 200,000 metric tons.


In a statement to the Saudi stock exchange, SIPCHEMs board chairman said that the award of the contract is considered an important step in the companys expansion and development program.


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