A factory of BCI
Basic Chemical Industries Co. (BCI) said that its chlorine derivatives plant in Jubail Industrial City is 95% complete, expecting it to be complete by February 2022.
The company started operations tests for the control systems by providing it with a power generated inside the site, until the electrical power is supplied by the end of November, according to the work schedule with the service provider.
The project is behind schedule due to a delay in the power supply connection, BCI said in a bourse filing.
BCI is currently working on developing plans to reach the new factory to full production capacity during the first quarter of 2022, in conjunction with the development of a plan for Dammam factory ramp down.
The company is also studying the decision on the status of the current factory in Dammam, by taking into account its investment options in an optimal manner to ensure the best strategic return for the stakeholders.
The project will operate with a production capacity of 70,000 tons in the first phase at an estimated cost of SAR 520 million, Argaam reported.
In March 2017, the company signed a contract with an Italian company to start implementing the first phase of the project.
In October 2017, BCI signed a letter of intent (LOI) with Nasser Saeed Al Hajri & Partners Contracting Co. for the construction of its chlorine derivatives plant at a total cost of SAR 290.4 million.
In June, the company expected to launch the project by the end of November 2021.
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