BCI, Nasser Al Hajri ink final contract for chlorine project

Basic Chemical Industries Co. (BCI) signed a final contract with Nasser Saeed Al Hajri & Partners Contracting Co. for the construction of its chlorine derivatives plant in Jubail Industrial City, BCI said in a bourse statement on Sunday.

“All equipment was delivered, and the project will be completed by the end of June 2021,” the statement added, noting there is a change in the project implementation costs to be valued at SAR 685 million instead of SAR 520 million.

The project, which is 55% complete, missed the set deadline due to a delay in finalizing the engineering and technical designs on COVID-19 pandemic.

The project’s cost was increased to SAR 295 million from SAR 290 million (as per the letter of intent), due to adding facilities required for the project and the increase in the construction cost of the project, as a result of higher cost and the difference of some measurements and engineering details.