Nama Chemicals’ JANA signs wastewater treatment contracts at SAR 56.5 mln to cut OpEx

15/12/2022 Argaam
Logo of Nama Chemicals Co.

Logo of Nama Chemicals Co.

Nama Chemicals Co. said its subsidiary, Jubail Chemicals Co. (JANA), signed contracts with a consortium, comprising Green Dimension Co. and Confident Engineering International Co., at a total value of SAR 56.54 million.

 

In a Tadawul statement, Nama Chemicals said the deals, which will run for 18 months, will help cut operational expenditure (OpEx) and improve production efficiency.

 

Their scope of work will cover engineering studies, the supply of all materials and equipment and construction of units responsible for the treatment of the water’s calcium chloride and epoxy resins components.

 

The related financial impact will see annual OpEx reduced by approximately SAR 27 million. The project’s expected impact will begin to appear in the petrochemical producer’s earnings on Oct. 1, 2024.

 

In a separate statement, Nama Chemicals said the project cost is estimated at SAR 63 million, including infrastructure and related civil works, indicating that it will be self-financed.
Project construction will run from Jan. 1, 2023, until June 30, 2024.
 
Trial production will commence on July 1, 2024, for two months, provided that commercial production will begin on Sept. 1, 2024.
There are no related parties, it noted.

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