Aramco sets US ethylene and aromatics entry with plans to invest $8-10 billion

摘要

Motiva Enterprises is evaluating worldscale investments in ethylene and aromatics production, marking state-owned oil company Saudi Aramco's arrival in US petrochemicals. Initial investment estimates total $8 billion-$10 billion, Aramco says. "These agreements signal our plans for expansion into petrochemicals," said Brian Coffman, Motiva president and CEO. Motiva on Saturday signed an agreement to evaluate the use of TechnipFMC's mixed-feed ethylene production technologies for a US cracker. It signed a separate agreement with Honeywell UOP to examine aromatics extraction and production technologies for benzene and paraxylene for development of a potential complex on the US Gulf Coast.