Motiva Enterprises LLC, a wholly-owned subsidiary of Saudi Aramcohas signed MoUs worth between $8 billion to $10 billion with Honeywell UOP LLC and TechnipFMC plc.
The MoU’s was signed in presence of HRH Crown Prince Mohammed bin Salman of Saudi Arabia.
One of the memorandum of understanding (MOU) paves way to evaluate the use of TechnipFMC’s world-scale mixed-feed ethylene production technologies in US. The second MOU enables Motiva to examine the use of UOP LLC’s world-scale aromatics extraction and production technologies for benzene and paraxylene for development of a potential complex along the US Gulf Coast.
These MOUs are the first step in Motiva’s expansion into petrochemicals. Final investment decisions on these projects are not expected to be made until 2019, the company said.
Motiva Enterprises LLC, a wholly-owned subsidiary of Saudi Aramcohas signed MoUs worth between $8 billion to $10 billion with Honeywell UOP LLC and TechnipFMC plc.
The MoU’s was signed in presence of HRH Crown Prince Mohammed bin Salman of Saudi Arabia.
One of the memorandum of understanding (MOU) paves way to evaluate the use of TechnipFMC’s world-scale mixed-feed ethylene production technologies in US. The second MOU enables Motiva to examine the use of UOP LLC’s world-scale aromatics extraction and production technologies for benzene and paraxylene for development of a potential complex along the US Gulf Coast.
These MOUs are the first step in Motiva’s expansion into petrochemicals. Final investment decisions on these projects are not expected to be made until 2019, the company said.
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