Sharq Ethylene Glycol (EG) Plant, Saudi Arabia
Key Data:
Plant owner
Sharq, Eastman Petrochemical Company
Partners
Saudi Basic Industries Corporation (Sabic) and the Saudi Petrochemical Development Company (SPDC, a Japanese consortium led by Mitsubishi Corporation)
Plant location
Al-Jubail industrial City, Saudi Arabia
Products
Ethylene glycol, Linera low density polyethylene, high density polyethylene
Plant start-up
1985, expansions in 1993, 2001, 2005
Financial
Jexim funding. Jexim provided up to $750m of the project cost in direct loans. The remaining $125m was raised by a group of commercial banks on a club basis. The participating banks were Riyadh Bank ($45m), Industrial Bank of Japan ($40m)
Al Bank Al Saudi Al Fransi ($30m) and BTM ($10m)
Feedstock
Petrokemya
Contractor
Samsung (2005), Chiyoda Corporation, Mitsubishi Heavy Industries Ltd (MHI)
Output
An additional 700,000t/y of EG and 2.8 million tonnes of LLDPE and HDPE as well as ethylene
