Sabic awards Yansab deal to Technip
Dubai Saudi Basic Industries Corp (Sabic) has signed a letter of intent with the Italian contractors Technip for the engineering, procurement and construction of an ethylene and propylene plant at the Yansab Complex in Yanbu Industrial City, on the Red Sea coast.
Saudi Basic Industries Corp (Sabic) yesterday signed a letter of intent with the Italian contractors Technip for the engineering, procurement and construction of an ethylene and propylene plant at the Yansab Complex in Yanbu Industrial City, on the Red Sea coast.
The plant will have a nameplate ethylene production capacity of 1.3 million metric tonnes per year and 400,00 million tonnes of propylene. The new large-scale plant will form the core of future manufacturing units within the Yansab project.
The letter of intent was signed by Abdul Rahman Saleh Al Fageeh, President Yansab on behalf of Sabic, and Riccardo Moizo, Vice-CEO, Middle East and South East Asia, on behalf of Technip Co.
Mohammad Al Mady, Sabic's vice-chairman and CEO, also attended the signing ceremony.
