SAUDI ARABIA: Sabic and Saudi Aramco sign MoU for planned oil-to-chemicals project
Sabic and Saudi Aramco have signed a memorandum of understanding (MoU) to build a proposed crude oil-to-chemicals complex in Saudi Arabia.
Estimated to cost over USD 20 billion, the project includes a 400,000 b/d integrated crude distillation and vacuum unit, a distillate hydrotreater, a vacuum gas oil hydrocracker, a residual fluid catalytic cracking unit, a mixed feed cracker, as well as polyethylene, polypropylene, butadiene and aromatics recovery units.
The MoU governs the execution of the front-end engineering design of the complex before a final investment decision is made, the companies noted. Operations are expected to begin in 2025.
Sabic and Aramco are considering building the complex in Yanbu or Jubail.
Source: Weekly “PetroChemical News”, Durham, NC, USA; 4 Dec 2017
(Syed Rashid Ali, Karachi, Pakistan)