Dammam 7 Petrochemicals and Aker Solutions Sign Agreement for Acrylic Acid and Acrylates Complex
Dammam 7 Petrochemicals has signed a programme management agreement with Aker Solutions for the Dammam 7 acrylic acid and acrylates complex to be realised in the Jubail 2 Industrial area in Saudi Arabia. Under the agreement, Aker Solutions will provide pre-front end engineering and design and programme management services for the project.
"We are very pleased to consolidate our cooperation and we look forward to working together with Aker Solutions in the development of this project, the first of our petrochemical complexes that will reside in the newly established industrial zone of Jubail 2," said Mr. Mohammed Al Saidi, CEO of Dammam 7.
"The Middle East is a key region for us, particularly Saudi Arabia, where we are committed to growing our presence long-term and also recently established a partnership with ACEC (Arabian Consulting Engineering Centre)," said Johan Cnossen, senior vice president, Aker Solutions' Process and Construction business area. "This new agreement with Dammam 7 is an exciting opportunity for us and recognises the strong capabilities we have established on projects in the region. We are confident this long-term partnership approach will provide the best base for the highest degree of success in the development of the project."
The complex will include a world scale acrylic acid plant, plants for the production of syngas, butanol, acrylic esters, together with integrated utilities and offsite facilities. Both entities are committed to establishing a long term partnership and to making full use of the resources needed to provide a state-of-the-art, safe, reliable and highly efficient facility that is delivered on schedule and meets all of the current environmental regulations.
Established in 2004, Dammam 7 Petrochemicals is owned by Saudi shareholders, and was created to invest in and develop downstream petrochemical projects. Recently Dammam 7 secured the feedstock for its acrylic acid and acrylates complex.
Aker Solutions' contract party is Aker Process Ltd.
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