Jazan Refinery Complex air separation unit (ASU)

Overview:

• Jazan Refinery Complex air separation unit (ASU).
• A consortium made up of Air Products and Chemicals and ACWA Holding (via SPV Jazan Gas Projects Company) has won the bid to develop an ASU at the Jazan Refinery Complex on a build-own-operate-transfer (BOOT) basis.
• Saudi Aramco managed the tender process.
• The project is related to the construction of an ASU which will supply a refinery and 4000MW integrated gasification combined cycle power plant (IGCC) with industrial gas.
• The unit will provide 56,500 metric tonnes of nitrogen and 18,500 tonnes of oxygen per day.
• The deal is being financed via fully shariah compliant facilities provided by Samba Financial Group, The National Commercial Bank, Banque Saudi Fransi, Sumitomo Mitsui Banking Corporation, Bank of Tokyo-Mitsubishi UFJ, Mizuho Bank, Alinma Bank, First Gulf Bank, Société Générale and the Saudi British Bank.
• Legacy firm Chadbourne & Parke (Derek Kirton) advised the lenders.

Sam Duke - Editor