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Home > News > Others

Saudi Kayan awards two contracts for construction of phenolics and polycarbonates plants

Source： Date ：2007-02-12 Editor ：
Announced on February 10, SABIC affiliate, Saudi Kayan, has signed two letters of award with the first contract being awarded to Tecnicas Reunidas Group to construct a phenolics plant, to produce 240 kta of Bis-Phenol A. The second contract was awarded to Daelim Industrial Co, Ltd to construct a Polycarbonate (PC) plant with an annual capacity of 260 kta.

The letters of award were signed by Abdullah S. Al-Rabeeah, President of Saudi Kayan. Mutlaq Al-Morished, SABIC Vice President Corporate Finance and Chairman of Saudi Kayan explained that the company plans to go live in 2009 with an annual capacity exceeding 4 million tons of varied petrochemical products. These products will strengthen SABIC's competitiveness, introduce specialty products for the first time in Saudi Arabia, provide wide opportunities for the growth and diversity of national downstream industries and create promising job opportunities for Saudi citizens.

Saudi Kayan is currently under construction. SABIC holds 35% of the company's capital of SR15 billion and the Kayan Petrochemical Company holds 20%. The remaining 45% will be offered for public subscription.
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Source： Date ：2007-02-12 Editor ：
Announced on February 10, SABIC affiliate, Saudi Kayan, has signed two letters of award with the first contract being awarded to Tecnicas Reunidas Group to construct a phenolics plant, to produce 240 kta of Bis-Phenol A. The second contract was awarded to Daelim Industrial Co, Ltd to construct a Polycarbonate (PC) plant with an annual capacity of 260 kta.

The letters of award were signed by Abdullah S. Al-Rabeeah, President of Saudi Kayan. Mutlaq Al-Morished, SABIC Vice President Corporate Finance and Chairman of Saudi Kayan explained that the company plans to go live in 2009 with an annual capacity exceeding 4 million tons of varied petrochemical products. These products will strengthen SABIC's competitiveness, introduce specialty products for the first time in Saudi Arabia, provide wide opportunities for the growth and diversity of national downstream industries and create promising job opportunities for Saudi citizens.

Saudi Kayan is currently under construction. SABIC holds 35% of the company's capital of SR15 billion and the Kayan Petrochemical Company holds 20%. The remaining 45% will be offered for public subscription.
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Saudi Kayan awards two contracts for construction of phenolics and polycarbonates plants

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