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SAUDI ARABIA: Technical consultancy contract award regarding construction of planned $3,500,000,...

PROJECT OVERVIEW:

The local PROJECT MANAGEMENT & DEVELOPMENT CO. (PMD) is currently gearing-up to build a new petrochemical complex in Saudi Arabia. In so doing, PMD recently retained the services of UK-based FOSTER WHEELER ENERGY LTD. (FWEL) a subsidiary of FOSTER WHEELER CORP. of the US.

Construction plans under consideration call for building an ethane/butane cracker with an initial installed production capacity of 1.35 million tons per year (t/y) of ethylene. The facility is intended to enable the production of ethylene, propylene and benzene feedstoc

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