Sabic expands scope of COTC project with Saudi Aramco

Sabic and Saudi Aramco are looking at opportunities for integration with existing facilities to maximize the economic value while evaluating the optimal technical options and market risks

  
A man walks past the headquarters of Saudi Basic Industries Corp in Riyadh. Image used for illustrative purpose.

A man walks past the headquarters of Saudi Basic Industries Corp in Riyadh. Image used for illustrative purpose.

REUTERS/FAISAL NASSER

Saudi Basic Industries Corporation (Sabic) has expanded the scope of converting crude oil to chemicals project with Saudi Aramco to include existing development programmes of advancing crude to chemicals technologies as well as through integrating existing facilities.

This is done by taking into consideration both companies future plans and opportunities. Sabic and Saudi Aramco are looking at opportunities for integration with existing facilities to maximize the economic value while evaluating the optimal technical options and market risks, Sabic said in a statement on its website.

Consequently, both parties intend to re-evaluate the scope of the COTC complex project and study the integration of Saudi Aramco’s existing refineries in Yanbu with a world-scale mixed feed steam cracker and downstream olefin derivative units.

Sabic and Saudi Aramco remain committed to continue advancing crude to chemicals technologies through existing development programs with the goal to increase cost efficiency, competitiveness and value creation opportunities for petrochemicals.

On November 26, 2017, Sabic and Saudi Aramco signed a memorandum of understanding with to study the feasibility of developing an industrial complex to convert crude oil to chemicals.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

© TradeArabia 2020

More From Energy