2005 News Story

SABIC’s Yansab project brings U.S. company on board

Saudi Basic Industries Corporation (SABIC) yesterday signed a letter of intent with U.S.-based Fluor Corporation for the construction of utilities and site facilities for Yanbu’s National Petrochemicals Company ‘Yansab’. The work will be completed in 34 months. Once operational, ‘Yansab’ will employ 1,500 Saudis, producing 1.3 million tons a year of ethylene, plus 400,000 mty of propylene, and 900,000 mty of both high and low density polyethylene (HDPE and LDPE), as well as significant quantities of other petrochemicals and polymer products.