MOSCOW (MRC) -- Metso has received significant orders for its Neles and Jamesbury valves from Sadara Chemical Co., a joint venture between Saudi Aramco and Dow Chemical, as per Hydrocarbonprocessing.
The valves will be delivered for Sadara's fully integrated chemicals complex currently under construction in Al Jubail, Saudi Arabia.
Metso received these orders during the 2013 year, the company said in a news release on Friday.
Metso's delivery includes automated control and on/off valves, emergency shut-down valves, as well as ball and butterfly valves equipped with intelligent valve controllers Neles ND9000. Metso's valves will control process flow in several process areas in the complex, including the mixed feed cracker, downstream units and utilities.
The Neles metal seat as well as Jamesbury soft seat technologies provide dependable valve performance enabling reliable, safe and efficient plant operations in petrochemical industry applications. Neles ND9000 is a field-proven valve controller that guarantees end product quality in all operating conditions with its unique 3rd generation diagnostics and incomparable performance features.
We remind that, as MRC wrote previously, in earlly Junly 2013, Sadara Chemical Company announced financial close for the funding of main financing of approximately USD10.5 billion project. This marks the completion of project financing for Sadara, which is a joint venture between the Saudi Arabian Oil Company (Saudi Aramco) and the Dow Chemical Company. The main financing supplements the USD2 billion raised through a sukuk issuance in April, bringing the total Sadara project financing raised to approximately USD12.5 billion, the "largest project financing ever in the Middle East."
Sadara Chemical Company is a joint venture between Saudi Aramco and Dow Chemical. The Sadara complex, which will have 26 manufacturing facilities, is claimed to be the world's largest petrochemical facility ever built in a single phase and will manufacture more than three million tonnes of chemical and plastics products.
MRC