30 December 2010 07:48 [Source: ICIS news]
SHANGHAI (ICIS)--?xml:namespace>
Financial details of the deal were not disclosed.
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Construction work on the PET plant at Ibn Rushd’s petrochemical complex in Yanbu would kick off at the start of 2011 and would take around 24 months to complete, the source told ICIS.
Once completed, the Ibn Rushd’s PET capacity would more than double to 750,000 tonnes/year from the existing 330,000 tonnes/year, the source added.
Meanwhile, Ibn Rushd awarded two other contracts for the debottlenecking of its aromatics and utilities & offsite (AOU) facility and its purified terephthalic acid (PTA) plant at the same site to Taiwanese contractor CTCI Corp, CTCI said on its website.
After debottlenecking, Ibn Rushd's aromatics production capacity would more than double