Daelim wins $293m Saudi butanol project
Riyadh, July 7, 2013
Saudi Butanol Company (Sabuco), a joint venture of local petrochemicals firms, has awarded South Korea's Daelim Construction a 1.1 billion riyal ($293 million) contract to build a butanol plant, Sabuco shareholders said on Sunday.
Construction of the plant in Jubail Industrial City will start in January 2014, with completion expected by May 2015. The plant will have a capacity of 330,000 tonnes a year of n-butanol, a type of alcohol used to make other chemicals, and 11,000 tonnes a year of iso-butanol.
Sabuco is a joint venture between Saudi Kayan Petrochemical, Sadara Petrochemical and Saudi Acrylic Acid (SAAC). Saudi Kayan and others announced the project in bourse statements.
Saudi Kayan is an affiliate of Saudi Basic Industries Corp (Sabic), Sadara is a joint venture between state oil company Saudi Aramco and Dow Chemical. SAAC is owned by Sahara Petrochemical Co. and National Industrialisation Company (Tasnee). - Reuters