JGC bags ethane cracker expansion contract in Saudi Arabia

JGC bags ethane cracker expansion contract in Saudi Arabia

5:37 AM, 14th August 2012
JGC bags ethane cracker expansion contract in Saudi Arabia

YOKOHAMA, JAPAN: JGC Corporation signed a deal to expand an ethane cracker for a petrochemicals complex owned by Saudi Aramco and Sumitomo Chemical. The contract is valued in the range of $100 million to $200 million, said a JGC spokesman. Aramco and Sumitomo have taken longer than expected to pick contractors for the Rabigh II petrochemical expansion project, Saudi Arabia which is expected to cost around $7 billion. In addition to expanding the ethane cracker, a new aromatics complex will be built using around 3 million metric tonne per year of naphtha to make higher value petrochemicals for the Rabigh II mega complex.

© Reuters News

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