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

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.