Sabic affiliate Saudi Kayan Petrochemical Company has signed a Letter of Intent (LOI) with the Fluor Company to construct off-site utilities for Kayan’s complex in Jubail industrial city in Saudi Arabia.

The LOI was signed by and between Abdullah S Al Rabeeah, president of Saudi Kayan and Collins Mackenzie, Flour’s vice-president, Middle East operations.
Saudi Kayan plans to operate a mega petrochemical complex with an annual capacity exceeding four million metric tonnes of chemical products.
It will add some specialised chemicals to the Saudi marketplace that will be produced in Saudi Arabia for the first time.
Sabic holds 35 per cent of the company's capital of SR12 billion and Saudi Kayan holds the remaining 20 per cent. Forty-five per cent will be offered for public subscription.
Saudi Kayan, meanwhile, awarded Kellogg Brown & Root (KBR) a contract for engineering, procurement and construction of a 1,350,000 tonnes per annum olefins plant.
The plant will be set up at the Saudi Kayan Cracker complex in the Jubail Industrial City.
The Letter of Intent marking the contract award was signed at the Sabic Engineering & Project Management office, Jubail Industrial City.
It was signed on behalf of Saudi Kayan by Abdullah S Al Rabeeah Saudi Kayan president; and on behalf of KBR by Emory Pylant, vice-president-downstream, Kellogg Brown & Root and Khaled Abu-Nashrah, executive manager, Brown & Root Saudi.
Eng Mazyad S Al Khaldi, general manager of Sabic Engineering and Project Management and Eng Asaad Al Ghamdi, general manager of Saudi Kayan Cracker Complex Project, were also present at the signing ceremony.