Three firms remain in competition to build Jubail ethylene plant

There are three bidders for the contract to build an ethylene plant at the Jubail United Petrochemical Co. olefins complex in Saudi Arabia, said the Organization of Petroleum Exporting Countries' news agency.

Sept. 12, 2001

By an OGJ Online Correspondent

LONDON, Sept. 12 -- There are three bidders for the $350 million contract to build an ethylene plant at the Jubail United Petrochemical Co. olefins complex in Saudi Arabia, said the Organization of Petroleum Exporting Countries' news agency.

Stone & Webster has withdrawn from the competition leaving ABB Group unit ABB Lummus competing against a consortium of Japanese company Chiyoda Corp. and Halliburton Co. unit Kellogg Brown & Root as well as against German company Linde AG with South Korea's Samsung Engineering Corp. as partner.

In addition to the 800,000 tonne/ year ethylene plant (estimated to cost $350 million), the complex will include a 460,000 tonne ethylene glycol plant and a 100,000 tonne alpha olefins unit.

The companies have been asked to resubmit proposals on some parts of the package. A final award is scheduled for mid-October.