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FINANCIAL NEWS
Shaw commences operations at Saudi plant
21 Apr 2010
(MENAFN) The Shaw Group has announced that full commercial operation of Eastern Petrochemical Company’s (Sharq) grassroots ethylene plant in Jubail, Saudi Arabia has commenced, Reuters reported.
Sharq is a joint venture equally owned by Saudi Basic Industries Corporation (Sabic) and SPDC Ltd, a Japanese consortium led by the government of Japan and the Mitsubishi group of companies.
Shaw provided its proprietary ethylene technology and engineering, procurement and construction management for the 1.3 million metric ton per year ethylene plant. Shaw also provided operational support during the commissioning and startup of the plant, which uses ethane and propane as feedstocks, it said in a statement.
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