425,000-TONNE ACRYLIC PLANT BUILD
UK-based chemicals multinational INEOS has signed a Memorandum of Understanding (MoU) with Saudi Aramco and France-based Total, to build three new chemical plants in Saudi Arabia.
INEOS will build a new 425,000-tonne acrylonitrile plant, featuring INEOS’ technology and catalyst, a 400,000-tonne Linear Alpha Olefin (LAO) plant, and a world-scale Poly Alpha Olefin (PAO), all of which will be built as part of the $5 billion Jubail 2 petrochemical complex.
400,000-TONNE LINEAR ALPHAOLEFIN PLANT
INEOS chairman Jim Ratcliffe said: “This is a major milestone for INEOS that marks our first investment in the Middle East. The timing is right for us to enter this significant agreement in Saudi Arabia with Saudi Aramco and Total. We are bringing advanced downstream technology which will add value and create further jobs in The Kingdom.”
The UK firm said that the three units, upon commissioning in 2025, will be the most energy efficient of their kind in the world.
2 BILLION PETROCCHEMICAL COMPLEX IN JUBAIL 2