MOSCOW (MRC) -- Saudi Butanol Company (Sabuco), a joint venture of local petrochemicals firms, has awarded South Korea's Daelim Construction Co. a 1.1 billion riyal (USD293 million) contract to build a butanol plant, reported Reuters with reference to Sabuco shareholders.
The Saudi Butanol Company, which will produce butanol to support the growth of the paints and coatings industry in Saudi Arabia, will be located at Tasnee Petrochemicals Complex
The construction of the plant in Jubail Industrial City will start in January 2014, with completion expected by May 2015. The plant will have a capacity of 330,000 tonnes a year of n-butanol, a type of alcohol used to make other chemicals, and 11,000 tonnes a year of iso-butanol.
As MRC informed previously, the estimated total cost of the project is SR1,939 million (USD517 million). It will open new job opportunities of around 200 direct and indirect positions for Saudi citizens.
Sabuco is a joint venture between Saudi Kayan Petrochemical Co., Sadara Petrochemical Co. and Saudi Acrylic Acid Co. (SAAC).
Saudi Kayan is an affiliate of SABIC (Saudi Basic Industries Corp.). Sadara is a joint venture between state oil company Saudi Aramco and Dow Chemical Co. SAAC is owned by Sahara Petrochemical Co. and National Industrialisation Co. (Tasnee).
MRC