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