Daelim inks contract for Saudi Arabia’s Rabigh II CP-1 Project
DATE 2012.07.18
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As a joint project of Saudi Arabia’s state-owned oil company, Aramco, and Japanese Sumitomo Chemical, the Rabigh II Project seeks to construct a mega comprehensive petrochemical complex along the Red Sea coast around Rabigh City.
Daelim won the contract for the CP-1 Package, a project of building a plant producing Cumene through the catalyst reaction process using propylene and benzene and producing Phenol and Acetone using Cumene as raw material. Phenol is generally used for surgery sterilizer and pharmaceutical production process. Acetone is used for the production of paints, abstergents, and plastics. The total construction duration is 36 months from the contract date, and the project is slated to be completed in June 2015.