Ras Al-Khair, Jubail projects to spur growth
JUBAIL/RAS AL-KHAIR: Custodian of the Two Holy Mosques King Salman on Tuesday inaugurated a number of mega projects in Jubail and Ras Al-Khair.
In Jubail, the king inaugurated the Sadara Chemical Company (Sadara) and the Saudi Aramco Total Refining and Petrochemical Co. (SATORP).
“The two projects are among the largest facilities in the refining and petrochemicals industries that support the objectives of Saudi Vision 2030,” Saudi Aramco said in a statement.
The Sadara project is the largest integrated chemicals complex in the world to be built in one phase. It is a joint venture between Saudi Aramco and The Dow Chemical Company in Jubail Industrial City in the Eastern Province.
The first phase commenced operations in 2015, and the remaining operating units are scheduled for completion by the end of 2016. The production capacity is more than three mil- lion tons of various plastics and chemicals product annually.
King Salman also laid the cornerstone of the King Salman International Complex for Maritime Industries & Services, near Jubail.
It was named in his honor during the groundbreaking ceremony.
The complex is a commercial maritime project that complements the growth of the Saudi energy industry and helps to meet the development, localization and diversification objectives outlined by Saudi Vision 2030.
The development of the complex will start with a maritime yard as an anchor project to be completed in 2021.
It will be managed and maintained by Saudi Aramco’s proposed joint venture with The National Shipping Company of Saudi Arabia (Bahri), Hyundai Heavy Industries Co, and Lamprell PLC.
The facility will offer quality, efficiency and economies of scale, and when completed it will offer vessel and rig build, maintenance, repair and overhaul services.