Sahara International Petrochemical Co. (Sipchem) and National Industrialization Co. (Tasnee) awards an engineering, procurement, and construction (EPC) contract for ethylene cracker plant.
The value of the Project is SAR 1.87 billion ($500 million).
The Project was awarded to SGC-eTEC Engineering & Construction Company, South Korea.
The contract aims to boost production at the ethylene cracker plant, a joint venture affiliated to Tasnee Sahara Olefins Co. (TSOC), which is 32.55% owned by Sipchem and 60% by Tasnee.
The expansion project will likely be complete in H1 2026, with operations leading to an increase in Olefins production by an estimated 18%.
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