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Good mooring


Sabic signs
LOI with Stone
& Webster for engineering, procurement and construction
of HDPE plant at Yansab affiliate
Posted: 09-02-2006 , 07:47 GMT
Saudi Basic Industries
Corporation
(SABIC) signed on
February 8, 2006,
a Letter of
Intent (LOI)
with the US Shaw
Stone & Webster
for the engineering,
procurement and construction of a High Density Polyethylene
(HDPE) plant at the
YANSAB affiliate, Yanbu, Saudi Arabia.



Eng. Abdulrahman Al-Fageeh,
President YANSAB,
signed the
LOI for YANSAB
. Mr. Ebrahim
Fatemizadeh,
President – Energy &
Chemicals signed the
LOI on behalf of the
Shaw Stone & Webster
in the presence of
Mr. Mohamed Al-Mady,
SABIC Vice Chairman & CEO.



Mr. Al-Mady said,
“I expect that
YANSAB will go on-stream by 2008 with an annual capacity of 1.3 million
metric tons per
annum (mtpa)
of Ethylene
; 400,000 mtpa of Propylene; 770,000 mtpa of Ethylene Glycol; 500,000 mtpa of Linear Low Density Polyethylene (LLDPE);
400,000 mtpa of High
Density Polyethylene (HDPE); 400,000 mtpa of Polypropylene; 100,000 mtpa of butene-1 and butane-2; 250,000 mtpa of Benzene
, xylene and toluene
compound. I believe
that this
large annual
capacity will further
enhance SABIC's
position among
the world's
largest petrochemical
companies and
strengthen its
competitive
capabilities in the global markets.



“YANSAB is a model
of integration among
SABIC industries and
symbol of mutual
cooperation
between the government and private sectors.”

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