Jubail II is getting a USD 500 mn wastewater treatment facility: The Power and Water Utility Company for Jubail and Yanbu (Marafiq) will build a USD 500 mn (SAR 1.9 bn) industrial wastewater treatment plant in the Jubail II industrial city through a partially-owned SPV, it said in a disclosure to Tadawul yesterday.

About the SPV: Marafiq owns 40% of the SPV, with Veolia Middle East owning 35%, and Lamar Arabia for Energy owning 25%. The SPV was established following a 30-year concession agreement with Saudi Aramco Refining and Petrochemical Company (Satorp), an Aramco-TotalEnergies joint venture.

About the facility: The facility will use advanced treatment and recovery technologies to process industrial effluents, including spent caustic streams, and convert them into demineralized water for reuse at the Amiral petrochemical complex, which Satorp is developing.

REFRESHER- Marafiq finalized its acquisition of Veolia Middle East’s 51% stake in Jeddah II O&M in December, becoming the sole owner of the Jeddah utility operator.

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