Saudi Aramco and To­tal sign MoU to build petro­chem­i­cal com­plex in Saudi

Chemical Industry Digest - - News & Views -

Dur­ing

the of­fi­cial visit to Paris by the Crown Prince of Saudi Ara­bia, Mo­hammed bin Sal­man, Saudi Aramco and To­tal signed a mem­o­ran­dum of un­der­stand­ing to build a gi­ant petro­chem­i­cal com­plex in Jubail, Saudi Ara­bia. The new com­plex will be lo­cated in Jubail close to the Sa­torp re­fin­ery which has been in op­er­a­tion since 2014.

The com­plex will be in­te­grated down­stream of the Sa­torp re­fin­ery, a joint ven­ture be­tween Saudi Aramco, which owns a 62.5% hold­ing, and To­tal, with 37.5%, in Jubail, in a move de­signed to fully ex­ploit op-

er­a­tional syn­er­gies. The Sa­torp re­fin­ery com­menced pro­duc­tion with a ca­pac­ity of 400,000 bar­rels per day (bpd) at its start-up in 2014 and this has in­creased to 440,000 (bpd) to­day.

Lo­cated next to the Sa­torp re­fin­ery in the same in­dus­trial area, the com­plex will com­prise a world-size mixed-feed steam cracker, 50% eth­ane and re­fin­ery off-gas, with a ca­pac­ity of 1.5mn tonnes per year of eth­yl­ene and re­lated high-added-value petro­chem­i­cal units. The project will rep­re­sent an in­vest­ment of around $5bn. The two part­ners are plan­ning to start the front-end en­gi­neer­ing and de­sign in the third quar­ter of 2018.

The cracker will feed other petro­chem­i­cal and spe­cialty chem­i­cal plants, rep­re­sent­ing an over­all $4bn in­vest­ment by third party in­vestors. In to­tal, $9bn will be in­vested, cre­at­ing 8,000 lo­cal, di­rect and in­di­rect, jobs. The project will pro­duce more than 2.7mn met­ric tonnes of high value chem­i­cals, as re­ported in Ara­bian Oil and Gas.

L-R: Patrick Pouyanne, Chair­man & CEO of To­tal and Amin H Nasser, Pres­i­dent & CEO of Saudi Aramco.

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