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| World's largest CO2 plant to be built in Saudi Arabia |
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The United Jubail Petrochemical Company (UNITED), a manufacturing affiliate of the Saudi Basic Industries Corporation (SABIC), has awarded the engineering, procurement and construction contract for its Carbon Dioxide Utilisation Project to Germany's The Linde Group, to build the CO2 purification and liquefaction plant.
The plant will be designed to compress and purify approximately 1,500 tons per day of raw carbon dioxide coming from ethylene glycol plants. The purified gaseous CO2 will be supplied through pipes to three SABIC-affiliated companies for enhanced methanol and urea production.
Methanol is a basic commodity for the chemical industry and urea is used for fertiliser production. Yousef Al-Zamel, SABIC executive vice president, Chemicals Strategic Business Unit, says the project will contribute significantly to SABIC's growth strategy. He explains: "It will add to SABIC's business portfolio of industrial gas products. This is the first of many other similar projects to be executed next year."
The plant will also be capable of producing 200 tons per day of liquid CO2 with food grade quality, which will be stored and thereafter supplied by truck to the beverage and food industry. It is the first carbon capture and utilisation (CCU) project to be realised in Saudi Arabia; with the reduction of CO2 emissions being an important aim in SABIC's sustainability strategy, this project will save an estimated 500,000 tons of CO2 emissions each year.
SABIC ranks among the world's top petrochemical companies and recorded a net profit of SAR24.72 billion ($6.59bn) in 2012. Sales revenues for 2012 totalled SAR189bn ($50.40bn) and total assets stood at SAR338bn ($90.13bn) at the end of 2012.
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