Saudi Aramco, through its wholly-owned subsidiary Saudi Aramco Technologies, has signed a joint development and collaboration agreement (JDCA) with Axens and TechnipFMC to accelerate the development and commercialisation of the company’s Catalytic Crude to Chemicals (CC2C™) technology.
CC2C technology has the potential convert more than 60% of a barrel of crude oil into chemicals. The agreement aims to achieve commercial readiness for the CC2C technology by 2021.
The CC2C technology converts crude oil directly to chemicals, eliminating several energy-intensive processes and creating product streams that produce larger quantities of chemicals while generating less emissions.
Saudi Aramco, Axens, and TechnipFMC are all members of the HS-FCC™ technology alliance. Axens and TechnipFMC are also the exclusive licensors of HS-FCC technology.
Read the article online at: https://www.hydrocarbonengineering.com/petrochemicals/29012019/saudi-aramco-technipfmc-and-axens-advance-crude-to-chemicals-technology/