Linde and Samsung to Build Saudi Acrylic Acid Plant
A consortium comprised of Samsung Engineering Company and Linde has won a contract to build a SR4bn ($1.1bn) acrylic acid plant for Saudi Acrylic Monomer Company (SAMCO).
SAMCO is majority-owned by Tasnee Sahara Olefins, a joint venture of Tasnee and Sahara Petrochemicals Company, which owns a 75% stake in the complex.
The remaining 25% is owned by Dow Chemicals.
SAMCO has not revealed the value of the contract, which involves the construction of an acrylic production unit and a butyl acrylate unit, both of which will have an annual capacity of 160,000t.
Production at the plant is scheduled to start production in the first quarter of 2013.