The bids for the $600 million Jubail 2 Petrochemical Complex’s Engineering, Procurement, and Construction (EPC) contract (Package 2) are being evaluated by a joint venture between Saudi Aramco, France’s Total, and the UK’s Ineos.
As part of Total and Aramco’s $5 billion petrochemical complex, Project Amiral, Ineos signed an MoU in June 2019 to build three chemical plants in Jubail. This includes a 425,000-tonne acrylonitrile plant, a 400,000-tonne Linear Alpha Olefin (LAO) plant, and an associated Polyalpha Olefin (PAO) plant. With a combined expenditure of $2 billion, they will create the components for carbon fiber, engineering polymers, and synthetic lubricants.
A joint venture between Saudi Aramco, France’s Total, and the UK’s Ineos
The list of prequalified bidders includes McDermott Engineering, CTCI Engineering and Construction Services, Hyundai Engineering & Construction, TechnipFMC, Saipem, JGC Gulf International, Samsung C&T, China Petroleum Engineering and Construction Company (CPECC), and Larsen & Toubro.
All three plants are expected to start production in 2025.