ETHYDCO, Petrojet, Saipem Ink a $150 MM Polybutadiene Plant Deal

ETHYDCO, Petrojet, Saipem Ink a $150 MM Polybutadiene Plant Deal

The Egyptian Ethylene and Derivatives Company (ETHYDCO) awarded a consortium of Saipem and Petrojet a contract for the first polybutadiene plant in Egypt valued at $150 million, according to a statement.

The plant will comprise one production train of Low Cis Butadiene Rubber and related facilities and is expected to have a production capacity of 36,000 tons per year. Both Saipem and Petrojet will be responsible for the detailed engineering design, procurement, the supply of equipment and materials, construction, pre-commissioning, commissioning up to successful start-up and performance testing

“After successful completion of the fast-track Zohr project, this award confirms Saipem as a partner of choice to support the sustainable development of Egypt,” commented Maurizio Coratella, CFO of the Saipem Onshore Engineering and Construction Division.

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