Saturday 29 January 2011
Kayan said in a bourse statement that the three partners
will each hold an equal stake of 33.3 percent in the plant and would share the
costs of the project.
The plant, designed to have an annual capacity of 330,000
tons of n-Butanol, will be located in Jubail and operated by SAAC, Kayan said.
Production is due to start in the second half of 2014.
Kayan, an affiliate of petrochemicals major Saudi Basic
Industries Corp. (SABIC) is expected to begin commercial production at its
Jubail petrochemicals complex in the second half of the year.
Aramco and Dow plan to build a $20 billion mega
petrochemical project in Jubail.