STOCKHOLM, Sweden, Nov. 1, 2005 (PRIMEZONE) -- Alfa Laval -- a world leader in heat transfer, centrifugal separation and fluid handling -- has received an order for plate heat exchangers from Saudi Basic Industries Corporation (SABIC). The equipment is for the Yanbu National Petrochemical Company (YANSAB) in Saudi Arabia. SABIC's appointed Program Management Contractor, Foster Wheeler Energy Ltd, England, is administering the order, which has a total value of about SEK 230 million.
The new petrochemicals facility will have an annual production capacity of 3.8 million metric tonnes of ethylene, ethylene glycol, polyethylene and polypropylene products. This makes it one of the world's largest petrochemical sites. Mr. Lars Renstrom, President and CEO of the Alfa Laval group, comments on the order: ``It's the single biggest order ever for Alfa Laval and it confirms our leading position within the heat transfer technology." The plate heat exchangers form part of a central cooling system where fresh water in a closed loop provides cooling for the various process plants. The fresh water in turn is cooled in the plate heat exchangers using seawater. Delivery will take place during 2007.
About SABIC SABIC was established in the mid 1970's to add value to Saudi Arabia's natural hydrocarbon resources. Today, SABIC is among the leading petrochemical companies in terms of sales and product diversity. Headquartered in Riyadh, SABIC is the Middle East's largest non-oil industrial company. SABIC is currently number two in the world in Ethylene Glycol production. It will become number one following this new construction. The company is also third in Polyethylene production, sixth in Polypropylene production and fourth in Polyolefin production overall. It has leading market positions in glycols, methanol, MTBE and fertilizers. www.sabic.com For further information, please visit the Alfa Laval website at www.alfalaval.com.
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