Total SA and Saudi Aramco have signed a joint development agreement for the front-end engineering and design (FEED) of a giant petrochemical complex in Jubail, on Saudi Arabia’s eastern coast.
The agreement was signed by Amin Nasser, President and CEO of Saudi Aramco and Patrick Pouyanne, Chairman and CEO of Total.
Announced in April 2018, the world-class complex will be located next to the SATORP refinery, operated by Saudi Aramco (62.5 percent) and Total (37.5 percent), in order to fully exploit operational synergies. It will comprise a mixed-feed cracker (50 percent ethane and refinery off-gases) – the first in the Gulf region to be integrated with a refinery – with a capacity of 1.5 million tons per year of ethylene and related high-added-value petrochemical units. The project represents an investment of around $5 billion and is scheduled to start-up in 2024.
Total SA and Saudi Aramco have signed a joint development agreement for the front-end engineering and design (FEED) of a giant petrochemical complex in Jubail, on Saudi Arabia’s eastern coast.
The agreement was signed by Amin Nasser, President and CEO of Saudi Aramco and Patrick Pouyanne, Chairman and CEO of Total.
Announced in April 2018, the world-class complex will be located next to the SATORP refinery, operated by Saudi Aramco (62.5 percent) and Total (37.5 percent), in order to fully exploit operational synergies. It will comprise a mixed-feed cracker (50 percent ethane and refinery off-gases) – the first in the Gulf region to be integrated with a refinery – with a capacity of 1.5 million tons per year of ethylene and related high-added-value petrochemical units. The project represents an investment of around $5 billion and is scheduled to start-up in 2024.
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