Saudi Arabia Osos Petrochemicals to Build a New Petrochemical Complex
Osos Petrochemicals Company (which is in formation) choosed Foster Wheeler Energy Limited for front-end engineering design (FEED) and project management consultancy (PMC) services for a planned new petrochemicals complex to produce polybutylene terephthalate at Yanbu, Kingdom of Saudi Arabia.
The contract value was not disclosed. In executing the FEED, Foster Wheeler’s role will also include the basic design for the utilities and offsites of the project. The Company will provide PMC services up to engineering, procurement and construction (EPC) award and will be involved in the preparation of a project cost estimate, issuance of an invitation to bid for the EPC phase, evaluation of EPC bids and assistance with EPC award. The new petrochemicals complex comprises four licensed technology process units plus associated utilities, offsites and common facilities. The complex will produce 60,000 tons per annum of polybutylene terephthalate, a plastic used as an insulator in the electrical and electronics industries.
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