ABB to build US$ 400-million ethylene plant in Saudi Arabia

Third ABB ethylene plant for Saudi Arabia’s growing petrochemical sector

Zurich, Switzerland, May 19, 1998 - ABB, the international engineering group, has been awarded a contract to build a turnkey ethylene production plant at the Al-Jubail Petrochemical Complex located in Jubail, Kingdom of Saudi Arabia. The contract, amounting to US$ 400 million, was placed by Al-Jubail Petrochemical Company (KEMYA), a joint venture of the Saudi Basic Industries Corporation, (SABIC), and Exxon Chemical Arabia. The new facility, a part of KEMYA's expansion program, is expected to produce 700,000 metric tons of ethylene per annum. Engineering for the new plant will commence immediately. Construction is planned to begin later this year and completion is scheduled for the year 2000.

Under the terms of the contract, ABB will under a license deliver the ethylene process technology as well as supply the engineering, procurement and all equipment and material. The company will also be responsible for the construction of the plant and technical assistance during commissioning and start-up.
ABB has previously won orders for two ethylene plants in Saudi Arabia for the Yanpet Petrochemical Complex, a joint venture of SABIC and Mobil Yanbu Petrochemical Company.
ABB's global oil, gas and petrochemical business, with orders in 1997 of more than US$ 3 billion, develops and supplies refineries, composite petrochemical plants and offshore installations worldwide. The ABB Group employs approximately 213,000 people with orders in 1997 of about US$ 35 billion. (End)

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