Saudi Basic Industries Corporation announced that its affiliate, Jubail Chemicals Storage and Services Company has awarded Engineering Procurement and Construction contracts for a new storage, handling and shipping terminal at King Fahd Industrial Port in Jubail to China National Chemical Engineering Corporation on November 13th 2012.

The total investment is estimated to be USD 400 million. JCSSC is JV in which SABIC holds 75% and Vopak 25%. The Phase I will consist of around 40 commodity and specialty chemical storage tanks, complete with truck handling and ship loading facilities for 5 berths.

Source - Ameinfo

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