KHOBAR, Saudi Arabia Jan 9 Four international
firms, including the US' Fluor Corp (FLR.N), submitted on
Saturday revised bids to build a petrochemical plant in Saudi
Arabia, sources said.
South Korea's Hyundai Engineering and Construction
(000720.KS), Daelim Industrial Co 00210.KS and Taiwan's CTCI
also bid for the 210,000 tonne per year (tpy) amines plant,
being developed by Saudi Kayan Petrochemical Co
The contract is expected to be awarded by the end of
February, an industry source told Reuters.
The amines plant was one of two projects Kayan retendered.
The other project was for a low density polyethylene
Kayan, a unit of Saudi Basic Industries Corp 2010.SE
(SABIC), signed in December a preliminary agreement with Daelim
to build the low density polyethylene plant.[ID:nSGE5BP012]
The main units of the mega complex located in Jubail, on the
Gulf coast are expected to start operations in the second half
The complex will have an annual production capacity of 6
million tonnes of petrochemicals including ethylene, propylene
and ethylene glycol from 16 plants.
(Reporting by Reem Shamseddine; Editing by Andy