Saudi Aramco, SABIC opens bid­ding for chem­i­cal project

Chemical Industry Digest - - News & Views -

Saudi

Aramco and Saudi Ba­sic In­dus­tries Corp (SABIC) have opened bid­ding for en­gi­neer­ing work on their joint crude oil to chem­i­cals project, a key step to- wards de­vel­op­ing the $20-bil­lion­plus com­plex.

The project, known as COTC, the first ma­jor scheme to bring the two giants to­gether, is ex­pected to process Ara­bian Light and ex­tra light crude oil. Sev­eral plants are ex­pected to be built in­clud­ing a 400,000-barrels-per-day 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 clos­ing date for bids for pre­front end en­gi­neer­ing and de­sign work (pre-FEED) and FEED for the COTC was Sept. 25. The plant is ex­pected to be com­mis­sioned by the end of 2024. An­a­lysts said the project will help re­duce nat­u­ral gas us­age in petro­chem­i­cals at a time when the king­dom is try­ing to use more gas to gen­er­ate power, rather than burn­ing crude oil, as it seeks to di­ver­sify its en­ergy mix.

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