Latest news with #Jubail
Zawya
5 days ago
- Business
- Zawya
Lantania, MGC consortium lands $544mln Jubail desal plant contract
Spanish utility infrastructure group Lantania has announced that its consortium with Mutlaq Al Ghowairi Contracting Company (MGC), has secured a $544 million contract from Saudi Water Authority (SWA) to build the Jubail seawater reverse osmosis (SWRO) desalination plant in Saudi Arabia. As per the deal, Lantania and MGC will carry out the design, supply, construction, assembly and commissioning of the plant, as well as the seawater intake, outfall and all associated infrastructures. This is Lantania's third desalination plant order in Saudi Arabia. Already it has one of the reverse osmosis desalination plant projects under way at Ras Mohaisen with a 300,000 cu m/day. The Spanish group had in 2023 completed its first Saudi project at Jubail 3A, a seawater reverse osmosis desalination plant with a 600,000 cu m/day capacity of drinking water. The facility now caters to the needs of 1,600,000 inhabitants in the eastern provinces of Riyadh and Oassim.-TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Zawya
14-07-2025
- Business
- Zawya
Saudi's Advanced starts operations at Jubail petchem plants
Advanced Petrochemical Co. has completed construction and commenced operations at its propane dehydrogenation (propylene) plant in Jubail Industrial City, which has a nameplate production capacity of 843,000 tonnes. Operations also started at two polypropylene (PP) Plants, with a combined nameplate capacity of 800,000 tonnes annually, the petrochemical major said in a statement to the Saudi stock exchange on Monday. The plants are operated by Advanced Polyolefins Industry Company, a joint venture, 85 per cent owned by Advanced Global Investment Co. (AGIC) and 15 per cent by Singapore-based SK Gas Petrochemical. The cost of the complex, which includes three plants for processing propane gas, propylene, and isopropanol in Jubail Industrial City, is estimated at 7 billion Saudi riyals ($1.87 billion). In 2022, Advanced Polyolefins secured financing of SAR 6.1 billion for the project. (Editing by Anoop Menon) (
Argaam
14-07-2025
- Business
- Argaam
Advanced announces start-up of propylene, PP plants in Jubail
Advanced Petrochemical Co. completed the construction and started operations at Propane Dehydrogenation plant (Propylene Plant), which has a designed production capacity of 843,000 tons of propylene per year. The petrochemicals producer also started operations at two Polypropylene (PP) Plants, with a combined designed capacity of 800,000 tons annually, according to a statement to Tadawul. The plants, operated through Advanced Polyolefins Industry Co. (Advanced Polyolefins), are located in Jubail Industrial City. Advanced noted that the financial impact of Advanced Polyolefins will be shown in its consolidated financial statements starting from the third quarter of 2025. Advanced Polyolefins is a joint venture, with 85% owned by Advanced Global Investment Co. (AGIC) and 15% by SK Gas Petrochemical Pte. Ltd. (SKGP). According to data compiled by Argaam, Advanced Polyolefins secured financing from several banks in 2022 totaling SAR 6.1 billion to establish a complex in Jubail Industrial City. The complex includes three plants for processing propane gas, propylene, and isopropanol, with a total project cost estimated at approximately SAR 7.05 billion.
Zawya
08-07-2025
- Business
- Zawya
Saudi: Sipchem picks Achilles to boost its operational excellence
Saudi Arabia - Achilles, a global leader in supply chain risk and performance management, said it has secured a major contract from Saudi petrochemical manufacturer Sipchem to support its drive for operational excellence, responsible sourcing and enhanced ESG performance. As part of this strategic partnership, Sipchem will deploy Achilles' advanced supplier prequalification and performance management platform to improve supply chain transparency, identify high-performing suppliers, and ensure alignment with leading environmental, social, and governance (ESG) standards. "Sipchem is focused on building a responsible and transparent supply chain that supports our broader ESG goals and drives long-term value," said Naif Al Baloushi, the SRM Section head at Sipchem. One of the world's leading petrochemical companies, Sipchem produces quality polymer and petrochemical products in Jubail Industrial City. "Achilles provides the insight, structure, and global expertise needed to strengthen our supplier network and ensure we're collaborating with partners who align with our high standards," stated Al Baloushi. A leading UK-based group, Achilles specialises in supporting customers who require robust global supply chain resilience, risk management and reporting to comply with ESG regulations, meet investor requirements, and achieve ambitious sustainability goals. With this partnership, Sipchem will gain access to enhanced supplier data, stronger risk controls, and real-time insights into sustainability performance, enabling smarter sourcing decisions and reinforcing its commitment to continuous improvement. "We're proud to support Sipchem in building a more resilient and sustainable supply chain," said Craig Rodgerson, CEO at Achilles. "Our collaboration reflects a shared commitment to transparency, performance, and driving measurable impact across the value chain," he added. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Argaam
27-06-2025
- Business
- Argaam
Saudi Water Authority to finance SAR 2.4B Jubail, Al Khobar desalination systems
The Saudi Water Authority signed a financing agreement with the Asian Infrastructure Investment Bank (AIIB) and the National Infrastructure Fund (Infra) to support a strategic project aimed at developing the infrastructure of the first phase of the Jubail desalination system and the second phase of the Al Khobar system, at a total value of SAR 2.43 billion. According to SPA, AIIB will provide over SAR 1.6 billion in funding under the agreement, marking one of the largest non-sovereign institutional financing deals supported by the bank to date. This strengthens public-private partnerships in strategic infrastructure projects. Infra will contribute SAR 750 million. The water sector is one of the key focus areas of the fund, aligning with the goals of Saudi Vision 2030. The project aims to convert the Jubail Phase 1 and Al Khobar Phase 2 desalination systems from multi-stage thermal desalination to reverse osmosis (RO) technology. This shift is expected to improve energy efficiency, increase water production capacity, and extend the operational lifespan of both systems by around 20 years, in support of Saudi Arabia's sustainability and climate goals under Vision 2030. The Al Khobar Phase 2 desalination system has achieved a global milestone as the world's largest seawater desalination plant using RO technology, with a record production capacity of 670,852.4 cubic meters per day. It was also built on the smallest land area globally for a plant of its kind, thanks to the application of advanced technical methodologies and value engineering. This agreement follows a joint announcement made earlier this year between the AIIB and the Government of Saudi Arabia, which laid the groundwork for long-term cooperation in the areas of water, wastewater, renewable energy, sustainable transport, and urban development.
