Al-Zamil Group and Basell Holdings Middle East Cooperation on Polypropylene Plant
Al-Zamil Group of Saudi Arabia and Basell Holdings Middle East GmbH announced the signing of a Memorandum of Understanding regarding the participation of Basell in a project established by Al-Zamil to produce 450,000 metric tons per year of polypropylene using Basell's Spheripol process technology. The propylene feedstock for the PP plant will be sourced from a propane dehydrogenation plant based upon the UOP Oleflex process.
The propane feedstock and the manufacturing site have been allocated from Saudi Aramco and the Royal Commission respectively. The selection of an EPC Contractor will be done in the next phase of the project. The mechanical completion of the plant is intended to be in 2007. The implementation of the project is subject to the necessary corporate approvals of both parties.
The investment for the overall Propylene-Polypropylene Complex is expected to be around US $550 million, equivalent to 2 billion Saudi Riyals.
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