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FINANCIAL NEWS
Acwa JV launches USD2.1bn gas project
13 Jul 2016
(MEANFN) Jazan Gas Projects Company (JGPC), has revealed its new industrial gas complex that will be developed by Saudi Aramco at an investment of USD2.1 billion.
JGPC, a joint venture between Saudi-based Acwa Holding and US-based Air Products, said that the upcoming facility will serve Saudi Aramco’s Jazan refinery and terminal.
In detail, the project will conduct a total of 75,000 tons per day of industrial gas (20,000 of oxygen and 55,000 of nitrogen), for 20 years to Saudi Aramco’s refinery.
Furthermore, the contract was awarded to JGPC by Saudi Aramco in the previous year to construct, own and operate the world’s biggest industrial gas plant.
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