Dammam 7 Petrochemicals and Aker Solutions sign agreement for acrylic
acid and acrylates complex
(Thomson Reuters ONE) - 16 September 2009 - Dammam 7 Petrochemicals has signed a programmemanagement agreement with Aker Solutions for the Dammam 7 acrylicacid and acrylates complex to be realised in the Jubail 2 Industrialarea in Saudi Arabia. Under the agreement, Aker Solutions willprovide pre- front end engineering and design and programmemanagement services for the project."We are very pleased to consolidate our cooperation and we lookforward to working together with Aker Solutions in the development ofthis project, the first of our petrochemical complexes that willreside in the newly established industrial zone of Jubail 2," saidMr. 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 alsorecently established a partnership with ACEC (Arabian ConsultingEngineering Centre)," said Johan Cnossen, senior vice president, AkerSolutions' Process and Construction business area. "This newagreement with Dammam 7 is an exciting opportunity for us andrecognises the strong capabilities we have established on projects inthe region. We are confident this long-term partnership approach willprovide the best base for the highest degree of success in thedevelopment of the project."The complex will include a world scale acrylic acid plant, plants forthe production of syngas, butanol, acrylic esters, together withintegrated utilities and offsite facilities. Both entities arecommitted to establishing a long term partnership and to making fulluse of the resources needed to provide a state-of-the-art, safe,reliable and highly efficient facility that is delivered on scheduleand meets all of the current environmental regulations.Established in 2004, Dammam 7 Petrochemicals is owned by Saudishareholders led by the Kanoo Group, and was created to invest in anddevelop downstream petrochemical projects. Recently Dammam 7 securedthe propylene feedstock for its acrylic acid and acrylates complex.ENDSContacts:Dammam 7 PetrochemicalsSaudi Arabia, Mr Mohammed H. Al-Saidi, CEO and President, Dammam 7Petrochemicals. Tel: +96638931188, email: mohammed(at)alsaidi.comAker SolutionsMedia: Vanessa Mourant, Aker Solutions. Tel: +44 (0)20 8545 0270,Mobile: +44 (0)7771 806566Investor Relations: Lasse Torkildsen, SVP Investor Relations, AkerSolutions. Tel: +47 67 51 30 39, Mobile: +47 911 37 194Suppliers:For further information about sourcing and potential subcontracts forthis project, please contact: Rodger Liang, VP Supply Management,Process & Construction, Aker Solutions, Tel: +86 10 640 966 36Career opportunities:Visit http://www.akersolutions.com/Internet/CareerCentreNotes to editors:Aker Solutions ASA, through its subsidiaries and affiliates("Aker Solutions"), is a leading global provider of engineering andconstruction services, technology products and integratedsolutions. Aker Solutions' business serves several industries,including oil & gas, refining & chemicals, mining & metalsand power generation. The Aker Solutions group is organised in anumber of separate legal entities. Aker Solutions is used as thecommon brand/trademark for most of these entities.Aker Solutions' parent company is Aker Solutions ASA. Aker Solutions has aggregated annual revenues of approximately NOK58 billion and employs approximately 23 000 people in about 30countries.Aker Solutions is part of Aker (www.akerasa.com), a group of premiercompanies with a focus on energy, maritime and marine resourceindustries. The Aker companies share a common set of valuesand a long tradition of industrial innovation. Through itsmajority-owned holding company Aker Holding AS, Aker controls 40.27percent of the shares in Aker Solutions, and takes an active role inthe development of the company.Aker Solutions' Process and Construction business area is a worldleader in the project management, design and construction of majorprojects spanning refining, petrochemical processing, liquefiednatural gas (LNG), metals and mining, power generation, nuclearclean-up, and acid plants. From initial concept through technologydevelopment, process technology application, design, procurement,construction, commissioning, operations, maintenance, modificationand decommissioning, we provide our customers with the full lifecycle of services. Process and Construction provides sound localexpertise, combined with the depth and strength of global projectoperations. This press release may include forward-looking information orstatements and is subject to our disclaimer, seewww.akersolutions.comThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 16.09.2009 - 12:48 Uhr
Sprache: Deutsch
News-ID 5868
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