RIYADH: Saudi Butanol Company (Sabuco), a joint venture of local petrochemicals firms, has awarded South Korea’s Daelim Construction Co a SR1.1bn ($293m) contract to build a butanol plant, Sabuco shareholders said yesterday.

Construction of the plant in Jubail Industrial City will start in January 2014, with completion expected by May 2015. The plant will have a capacity of 330,000 tonnes a year of n-butanol, a type of alcohol used to make other chemicals, and 11,000 tonnes a year of iso-butanol.

Sabuco is a joint venture between Saudi Kayan Petrochemical Co, Sadara Petrochemical Co and Saudi Acrylic Acid Co (SAAC). Saudi Kayan and others announced the project in bourse statements.

Agencies