Kemya awards USD 3.4 billion contracts for building rubber complex

25/06/2012 Argaam

Al-Jubail Petrochemical Company (Kemya) awarded today contracts worth SAR 3.4 billion for the engineering, procurement and construction works of its industrial rubber project.

Three companies won the contracts i.e. Daelim Industries, Technip and Tecnicas Reunidas.

The project will be financed by Kemya’s own resources, besides credit lines from financial institutions, Sabic said in filing to Tadawul. The project is expected to be finalized in 2015.

The project will produce 400,000 tonnes of rubber annually, including halobutyl, styrene butadiene, polybutadiene, and ethylene propylene diene monomer (EPDM) rubbers -- thermoplastic specialty polymers, and carbon black. The complex will serve local market and Middle East and Asia markets.

Under the project’s umbrella, several facilities will be founded including the High Institute for Elastomer Industries (HIEI), a vocational training center in Yanbu, a product application center in Riyadh; and thermoplastic polyolefin compounding and inventory management facilities in Jubai.

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