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.
Under the agreement, Aker Solutions, formerly Aker Kvaerner, will provide pre-front end engineering and design (Feed) 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 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 where we 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 and 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 current environmental regulations.
Feedstock secured
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 is a leading global provider of engineering and construction services, technology products and integrated solutions. The business within Aker Solutions comprises several industries, including oil and gas, refining and chemicals, mining and metals and power generation.
The parent company in the group is Aker Solutions ASA. It has aggregated annual revenues of approximately NOK 58 billion ($9.81 billion) and employs approximately 23 000 people in about 30 countries.
Aker Solutions ASA is part of Aker, a group of companies with a focus on energy, maritime and marine-resources industries. The Aker companies share a common set of values and long traditions of industrial innovation. As an industrial owner controlling 40.27 per cent of the shares in Aker Solutions through Aker Holding AS, Aker ASA takes an active role in the development of Aker Solutions.
