Name of client: Sabic – Saudi Basic Industries Corporation, ExxonMobil – Saudi Kemya (Al Jubail Petrochemical Company)
Estimated budget: $600 million
Facility type: Petrochemical plant
Status: EPC
Location: Jubail
Feed: Fluor, Mitsui Engineering &   Shipbuilding, Jacobs Engineering
PMC: Fluor
Main contractor: Technip, Jacobs Engineering

Background
As part of its elastomers project, Al Jubail Petrochemical Company (Kemya) plans to build a halobutyl rubber plant (HRP) in Jubail. The Ministry of Petroleum and Mineral Resources will provide feedstock for the scheme. ExxonMobil’s polyethylene production technology will be used. Saudi Basic Industries Corporation (Sabic) and ExxonMobil Chemical signed a Heads of Agreement (HoA) to manufacture the elastomer plant that will produce synthetic rubber products at their JV complex in Jubail on the Persian Gulf.

Project status
January 2013: The project’s financial advisor HSBC has started formally approaching banks to join a lending group.

December 2012: The joint venture clients have launched financing for the HRP plant. Local sources are expected to be a major source of funding.

July 2012: Feed study has been completed. Subsequently, engineering works are projected to begin.

Project scope
The scope of the project involves construction of a halobutyl rubber plant with associated facilities.

Project schedule
Feasibility study  Q2-2010
Feed   Q1-2010
PMC   Q1-2010
EPC ITB   Q1-2012
EPC   Q2-2012
Expected completion Q4-2015