29-08-2013
JGC joins power and steam supply business in Saudi Arabia
JGC Corporation announced today that together with Marubeni Corporation and Saudi company Aljomaih Holding Co., (Aljomaih), it has signed a contract as of August 22nd to provide electric power and steam to three oil and gas complexes owned by the Saudi state-owned oil company Saudi Aramco. The complexes are located in Eastern Saudi Arabia, in the Abqaiq, Hawiyah, and Ras Tanura regions. Under the contract, JGC and partners will construct cogeneration facilities and operate those for 20 years.
Following from the finalization of the contract, JGC, Marubeni, Aljomaih, and Saudi Aramco will set up a special-purpose company in Saudi Arabia, and construct cogeneration facilities inside the oil and gas complexes that will provide about 900 MW of power and around 1,500 tons of steam per hour. The construction is scheduled for completion in 2016. The total cost of the project will be 650 million US dollars (approximately 65 billion yen), which will be funded by a project finance scheme.
Currently, these three Saudi Aramco oil & gas facilities generate their own steam while purchasing electric power from the Saudi Electric Company. The more efficient cogeneration facilities are part of Saudi Aramco's continuous efforts to enhance energy efficiency.
JGC has conducted numerous oil and gas projects for Saudi Aramco since the year 1980, and since 2008 has operated a power, steam, and water supply business for an oil refinery and petrochemicals complex owned by a joint venture between Saudi Aramco and Sumitomo Chemical. It is believed that this previous project experience stood JGC in good stead to be chosen as a partner for this new contract.
Drawing on wide-ranging engineering technology and project management abilities cultivated through a long history of plant construction, JGC has been making investments both in Japan and overseas in power and water, renewable energy, and resource development projects. Since emerging countries are currently experiencing remarkable rates of growth, JGC makes a special effort to address the specific needs of its target markets, and contribute to the prosperity of various countries and regions through development and investment.
News Category:
-
Beyond processbook & PI vision: Exploring today’s industrial analytics tools
(Webinar) - In the Manufacturing 4.0 era, industrial organizations have more data at their fingertips than ever, offering the promise of higher production rates, more ...
04-06-2024
-
Sasol provides state of the art catalysts to INERATEC for the production of sustainable e-fuels
The catalysts will be used, among others, in the first large-scale industrial Power-to-Liquid (PtL) plant that INERATEC is currently building in Frankfurt, Germany, which ...
24-04-2024
-
Baker Hughes to supply 17 centrifugal compressors to Saudi Master Gas System project
Baker Hughes, an energy technology company, announced Tuesday that it has received an order by Worley, for and on behalf of Aramco, to supply gas technology equipment ...
23-04-2024
-
SABIC Fujian Petrochemicals select Phenol yechnology from KBR
KBR announced today it has been awarded a contract by SABIC Fujian Petrochemicals to license KBR's market-leading phenol technology in China. Under the terms of the ...
22-04-2024
-
Lummus Expands R&D capabilities to enhance innovation and water and wastewater technologies
Lummus Technology, a global provider of process technologies and value-driven energy solutions, announced the opening of its cutting-edge research and development (R&D) ...
17-04-2024
-
Clariant launches new CATOFIN® 312 propane dehydrogenation catalyst
Clariant, a sustainability-focused specialty chemical company, today announced the launch of CATOFIN 312, its latest propane dehydrogenation catalyst. The new catalyst ...
16-04-2024
-
Yokogawa and GridBeyond conclude investment and strategic partnership agreements
Yokogawa Electric Corporation and energy IT solutions provider GridBeyond of Ireland announce that they have concluded a strategic partnership agreement. Furthermore, ...
16-04-2024
-
Heraeus Precious Metals launches Circlear
Heraeus Precious Metals, a globally leading company in the precious metals industry and one of the largest recyclers of precious metals, has introduced its new offering ...
16-04-2024
-
EMA and JERA to cooperate on LNG procurement and supply chains
The Energy Market Authority and JERA Co Inc, have signed a Memorandum of Understanding to cooperate on mutually beneficial areas in liquefied natural gas procurement ...
16-04-2024
-
Hexagon and Dragos unveil technical partnership to strengthen industrial cybersecurity
Hexagon’s Asset Lifecycle Intelligence division today announced a strategic partnership with Dragos, a global leader in cybersecurity for operational technology (OT). ...
16-04-2024