MOSCOW (MRC) -- Saudi Basic Industries Corp. (Sabic) has awarded WorleyParsons a five-year framework agreement ot provide engineering, procurement and construction management (EPCM) services, WorleyParsons reported Wednesday.
According to a WorleyParsons statement, the company will assist Sabic by optimizing operating efficiency at the Saudi Arabia-based company’s five production sites in Europe.
"We are looking forward to continuing our relationship with Sabic and working with them to optimize their European facilities’ performance," noted WorleyParsons CEO Andrew Wood.
WorleyParsons stated that it will execute the services from its offices in Germany, the Netherlands, Spain and the United Kingdom. The company added that the EPCM deal bolsters its efforts to "establish a strong presence in the European chemicals sector."
"We are looking forward to continuing our relationship with Sabic and working with them to optimise their European facilities’ performance," said Andrew Wood, Chief Executive Officer of WorleyParsons.
As MRC wrote previously, in October 2016, the first product of a new generation of low density polyethylene (LDPE) foam grades from Sabic was designed to increase production efficiency at the foam manufacturer.
Saudi Basic Industries Corporation (Sabic) ranks among the world's top petrochemical companies. The company is among the worldпїЅs market leaders in the production of polyethylene, polypropylene and other advanced thermoplastics, glycols, methanol and fertilizers.
WorleyParsons delivers projects, provides expertise in engineering, procurement and construction and offers a wide range of consulting and advisory services. We cover the full lifecycle, from creating new assets to sustaining and enhancing operating assets, in the hydrocarbons, mineral, metals, chemicals and infrastructure sectors. Our resources and energy are focused on responding to and meeting the needs of our customers over the long term and thereby creating value for our shareholders.