News

New Petrochemical Plant To Operate by 2011

National Chevron Phillips is a US $4 billion project involving the construction and operation of a petrochemical plant and its supporting facilities in Saudi.

The plant is sponsored by the Saudi Chevron Phillips Company (SCP) and will produce ethylene, polyethylene, polypropylene, 1 hexane and polystyrene.

The engineering, design and financing were initiated in 2004 and the project is presently at an advanced stage of design and development. Construction is set to begin in late 2007 and the facility is expected to begin operational activity in 2011.

SCP is looking to arrange further financing for the National Chevron Phillips project.

Operis has reviewed the Financial Model on behalf of the Saudi Chevron Phillips Company.

18 October 2007