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Petrokemya Signs LOI with Tecnicas Reunidas for an ABS Plant

8:42 AM MDT | June 9, 2012 | Natasha Alperowicz

The Arabian Petrochemical Co. (Petrokemya; Jubail; Saudi Arabia) ,an affiliate of Sabic, has signed a letter of intent (LOI) with Tecnicas Reunidas (TR; Madrid) for the engineering procurement and construction (EPC) of a new acrylonitrile butadiene styrene (ABS) plant at its complex at Jubail. The total investment is expected to reach $561 million and the company is planning to finance it from its own resources.   The ABS project is expected to be mechanically completed during the fourth quarter of 2014. It will be designed to produce 140,000 m.t./year of a...

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