Saudi Arabia’s Farabi Petrochemical Co. is expected to tender a contract to build a new petrochemicals plant in Yanbu by March-end, MEED reported citing sources familiar with the project.
The plan is to construct linear alkyl benzene (LAB) plant and units to produce specialty chemicals using diesel feedstock. The project is estimated to cost more than $1 billion.
Farabi completed prequalifying companies for the engineering, procurement and construction (EPC) tender in 2015. Among the prequalified companies are CTCI (Taiwan), Larsen & Toubro (India), Petrofac (UK), Saipem (Italy), Sinopec (China) and Tecnicas Reunidas (Spain).
About 24 grades of surfactant allied business chemicals, including detergents, wetting agents, emulsifiers, foaming agents and dispersants are planned to be manufactured at the plant, the report said.
Last year, France-based Technip won the front-end engineering and design (feed) study and the project management consultancy contract for the refinery.
According to the report, Farabi had moved the project from its previous initial site at Jizan Economic City next to the proposed Jizan refinery to the Red Sea industrial hub of Yanbu.
Farabi already operates a linear alkyl benzenes plant in Jubail.
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