Sahara Petrochemical Co. and Basell sign agreement for construction of PP & propane dehy complex
Sahara Petrochemical Company and Basell Holdings Middle East GmbH announced the signing of an agreement to construct a 450 KT per year polypropylene plant and propane dehydrogenation unit at Al-Jubail Industrial City in the Kingdom of Saudi Arabia. The facilities will be operated by a joint venture that Basell and Sahara Petrochemical Company plan to establish in 2005. Start-up of the new plants is targeted for the end of 2007.
The agreement includes a license to utilise Basell's most advanced polypropylene technology, the Spherizone process. The polypropylene from the new plant will be marketed globally by Basell. The propane dehydrogenation unit will be based on the UOP Oleflex process. Saudi Aramco will supply the propane feedstock.
"This is an important step forward in Basell's strategy to establish world class manufacturing facilities in locations with attractive feedstock conditions and an infrastructure that is strong and reliable," said Volker Trautz, Basell's president and CEO. "This is Basell's second project in the Kingdom of Saudi Arabia again based on excellent cooperation with our partners in this undertaking, Sahara Petrochemical Company and the Al-Zamil Group of companies."
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