Saudi Aramco and SABIC announce crude-to-chemicals complex at Yanbu
Published by Alex Hithersay,
Editorial Assistant
Hydrocarbon Engineering,
Saudi Aramco and SABIC have announced their selection of Yanbu, on the west coast of Saudi Arabia, as the site for the development of an integrated industrial complex to convert crude oil to chemicals (COTC).
The announcement by Saudi Aramco and SABIC, the two largest industrial entities in Saudi Arabia, reflects their intent on making the kingdom a key hub for global chemicals production.
The COTC complex is expected to process 400 000 bpd of crude oil, which will produce approximately 9 million tpy of chemicals and base oils and is expected to start operations in 2025.
The complex is expected to create an estimated 30 000 direct and indirect jobs, as Saudi Arabia seeks to diversify its economy. By 2030 the COTC complex is expected to have 1.5% impact on the kingdom’s GDP, with investments being shared equally by both companies.
Earlier this year, Saudi Aramco and SABIC awarded the project management and front end engineering to Wood and KBR. The partners are working on finalising the selection of technologies.
Read the article online at: https://www.hydrocarbonengineering.com/petrochemicals/02112018/saudi-aramco-and-sabic-announce-crude-to-chemicals-complex-at-yanbu/
You might also like
The Hydrocarbon Engineering Podcast - Overcoming downstream challenges with new technology
In this episode of the Hydrocarbon Engineering Podcast, Omar Sayeed, Centre of Excellence Leader for Reliability, and Rahul Negi, Director of AI and Industrial Autonomous, Honeywell Process Solutions, consider how new, innovative technology can help to overcome some of the challenges facing the downstream oil and gas sector.
Tune in to the Hydrocarbon Engineering Podcast on your favourite podcast app today.
