Wood will provide conceptual, basic, and detailed design engineering for SABIC’s new 65000-m² petrochemical technology center in Jubail Industrial City on Saudi Arabia’s east coast. The scope of work includes engineering design of analytical and material labs to accommodate testing, characterization and materials analysis, plus support utilities including a warehouse, workshop, and substation.
The contract will be delivered by Wood’s base in Al-Khobar and builds on the company’s delivery of front-end engineering design services for expansion and upgrades to existing SABIC facilities in the region.
In March, Saudi Aramco announced the signing of a share purchase agreement to acquire a 70% majority stake in SABIC for $69.1 billion. The transaction is subject to certain closing conditions, including regulatory approvals. The acquisition is in line with Saudi Aramco’s long-term strategy to drive growth through an enhanced downstream portfolio by increasing global participated refining capacity from 4.9 million to 8–10 million B/D by 2030, of which 2–3 million B/D will be converted into petrochemical products.
Wood was recently selected to develop the world’s largest fully integrated crude-oil-to-chemicals complex in Saudi Arabia on behalf of SABIC and Saudi Aramco.