31 January 2019
DETAILS
Saudi Aramco with its partner Total today announced
the signing of
a Memorandum of Understanding (MoU) with
a South Korean petrochemical company.
Under the MoU, Daelim is planning
to build a new 80,000 tons
state-of-the-art Polyisobutylene (PIB) plant,
which is expected to come on-stream in 2024.
This agreement is another step to drive
Saudi Aramco’s petrochemicals growth strategy.
This follows Saudi Aramco’s announcement
in October 2018 to launch an engineering study
to build a large petrochemical complex in Jubail.
The launch of
the Front-End Engineering and Design (FEED)
of the PIB plant will start in February 2019
and will be concluded in Q4 2019.
The new petrochemicals facility will be
using feedstock
from the Amiral complex in Jubail,
located on Saudi Arabia’s eastern coast.
It is the first time that the PIB product
will be developed in the Kingdom.
The facility’s location in Saudi Arabia
will give Daelimaccess to
competitive feedstock and energy,
with large infrastructure, to better serve customers
in the Middle East and markets across Europe and Asia.
This specialty chemical project will be part of
the large-scale petrochemical complex of Amiral,
located in the value park.
It will be using
Daelim’s PIB proprietary technology
to produce a wide range of products in a single plant,
from conventional PIB (CPIB)
to highly reactive PIB (HR-PIB).
PIB is a high value-added chemical product
and has a wide range of industrial applications
such as adhesives, lubricants and fuel additives.
WWW.CHEMWINFO.COM BY KHUN PHICHAI
