According to the company’s website press release on March 6, 2023, Advanced Petrochemical Company (ADVANCED) has awarded the Engineering. Procurement & Construction (EPC) contract to Gas Arabia to construct pipeline to supply a by-product gaseous stream, containing high value chemicals, from ADVANCED to Jubail United Petrochemical Company (UNITED), an affiliated company of SABIC.
As a result of promoting the culture of innovations, this project was conceptualized resulting in synergistic opportunity by creating an industrial integration project between ADVANCED's Propane Dehydrogenation plant (PDH) and UNITED's ethylene plant. This innovative Project will create value addition to both companies by reducing the carbon foot print through adopting circular economy concept, upgrading the by-products containing high value chemicals from the stream with a positive environmental and financial impact for both Parties.
Date of the Award - 2023-03-05 Corresponding to 1444-08-13
Contract Value - SAR 50.98 Million
Contract Details - Constructing a pipeline system from the PDH unit of ADVANCED to the Cracking Unit of UNITED for upgrading by-product containing high value chemicals by processing in the cracker unit of UNITED.
Related Parties - None
Additional Information - ADVANCED continues to explore such collaborative opportunities with local companies to capture value addition in upgrading various potential byproducts streams to high value products, enhancing the industrial integration among the industrial companies and increasing operational efficiency in Jubail, as well as supporting ADVANCED's initiatives towards its Environment, Social, and Governance (ESG) Strategy.
