Sabic, Vopak to jointly build Saudi Arabia chemical, downstream terminal
Jubail Chemicals Storage and Services Co. (JCSSC), a joint venture of SABIC and Vopak, on Wednesday awarded engineering, procurement and construction (EPC) contracts for a new storage, handling and shipping terminal at King Fahd Industrial Port in Jubail.
The EPC deal went to China National Chemical Engineering Corp. (CNCEC).
Total investment on the facility is estimated to be $400 million. The project will enable the continued growth of the petrochemical and downstream industries in Saudi Arabia, according to the companies.
Once commissioned early 2015, the storage capacity of the terminal will be approximately 250,000 cubic meters.
The first phase will consist of around 40 commodity and specialty chemical storage tanks, complete with truck handling and ship loading facilities for five berths.
The investment in this industrial terminal will provide the petrochemical industry in Jubail with a critically important export facility, according to company officials, who added that the project will be designed to the highest safety standards.
JCSSC is a joint venture in which SABIC holds 75% and Vopak 25%.
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