The new projects full capacity is expected to go on-stream by 2008. Stone & Webster Limited will carry out the engineering, supply and construction of Ethylene Plant with a designed annual capacity of 1.3 million MT. The project completion date is scheduled for 2Q2008. Foster Wheeler Energy Limited will construct the utilities & offsite (U&O) facilities for SHARQ 3rd Expansion Project, while LINDE-KCA-DRESDEN GMBH will engineer, supply and construct the Linear Low Density (LLDPE) and high density (HDPE) polyethylene plants, with total annual capacity of 800,000 MT which is expected to go on-stream by Q2 2008. Established in 1981, SHARQ is a joint venture equally owned by Saudi Basic Industries Corporation (SABIC) and SPDC Ltd, a Japanese consortium led by the government of Japan and the Mitsubishi group of companies. Production started in 1985. The first expansion project was completed in 1993 and a second expansion was completed in 2001. SHARQs expansion project will add 2.8m MT annually to SABICs production which will exceed 5 million MT and will further enhance SHARQs position as the worlds largest single producer of Ethylene Glycol. This will also enhance SABICs global ranking alongside the other global petrochemicals producers of EG. SABIC is currently ranked 2nd and is expected to become number one once this project comes on stream. SABIC is the worlds 3rd largest producer of polyethylene and number four for polyolefins.