Saudi Aramco and SABIC Sign HoA on Feasibility Study for Oil-to-chemicals Complex

摘要

Dhahran, Saudi Arabia: Saudi Aramco and Saudi Arabian Basic Industries Corporation (SABIC) have signed an agreement to conduct a feasibility study on the development of a fully integrated crude oil-to-chemicals complex to be located in Saudi Arabia. The heads of agreement contains key principles of cooperation that will form the basis for the companies to establish a joint venture, if the joint study reaches a positive conclusion. Derived from improved refining technology, the crude oil-to-chemicals process will involve innovative configurations with proven conversion technologies. This will create a fully integrated petrochemical complex which maximises chemical yield, transforms and recycles by-products, drives efficiencies of scale and resource optimisation and diversifies the petrochemical feedstock mix in the Kingdom.