Saudi Aramco in partnership with Total signed an agreement with South Korea’s Daelim to build a PIB petrochemical facility.
With a capacity of 80,000 tons, the facility will manufacture Polyisobutylene (PIB), a first-time feat for Saudi Arabia, using feedstock from the Amiral complex in Jubail, Saudi Aramco said in a statement.
PIB is a high value-added chemical product and has a wide range of industrial applications such as adhesives, lubricants and fuel additives.
This specialty chemical project will be part of the large-scale petrochemical complex of Amiral, located in the value park. It will be using Daelim’s PIB proprietary technology to produce a wide range of products in a single plant, from conventional PIB (CPIB) to highly reactive PIB (HR-PIB).
The launch of the Front-End Engineering and Design (FEED) of the PIB plant will start this month and be concluded in the fourth-quarter of this year. The companies did not disclose the value of the FEED contract.
The facility’s location at Saudi Arabia’s eastern coast will give Daelim access to competitive feedstock and energy, with large infrastructure, Saudi Aramco said, which will improve service to customers in the Middle East and markets across Europe and Asia.