‎BCI board approves SAR 58M project award

‎BCI board approves SAR 58M project award ‎BCI board approves SAR 58M project award

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One of BCI factories

Basic Chemical Industries Co.’s (BCI) board of directors approved the award of the second-phase expansion project for its Jubail Industrial City plant to ThyssenKrupp, according to a statement to Tadawul.

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Thecontract, valuedat €14.74 million (SAR 57.97million), is expected to be signedon Jan. 29,the statement added.

For more news and details on the projects

The agreementcoversthe sale, supply, and provision of equipment, spare parts, and engineeringas well asconsultancy services for the chlor-alkali plant expansion.

It also includesa limited, non-exclusive, non-transferable license to use the technical and engineering know-how,as well asequipment related to plant operations.

BCI estimates the total expansion cost at SAR 89 million, covering construction work and utilities services.

 

One of BCI factories

Basic Chemical Industries Co.’s (BCI) board of directors approved the award of the second-phase expansion project for its Jubail Industrial City plant to ThyssenKrupp, according to a statement to Tadawul.

Thecontract, valuedat €14.74 million (SAR 57.97million), is expected to be signedon Jan. 29,the statement added.

For more news and details on the projects

The agreementcoversthe sale, supply, and provision of equipment, spare parts, and engineeringas well asconsultancy services for the chlor-alkali plant expansion.

It also includesa limited, non-exclusive, non-transferable license to use the technical and engineering know-how,as well asequipment related to plant operations.

BCI estimates the total expansion cost at SAR 89 million, covering construction work and utilities services.

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