The Strategist

Saudi Aramco and TotalEnergies to jointly build petrochemical complex

12/16/2022 - 10:34

According to a joint announcement from the two corporations, Saudi Aramco and France's TotalEnergies will collaborate to establish a petrochemical complex in Saudi Arabia.

A world-scale petrochemical complex will be built in Saudi Arabia, according to a statement from Saudi Arabian Oil Company (Aramco) and TotalEnergies. The facility will be called Amiral.

The complex will be connected with the current Satorp refinery at Jubail on Saudi Arabia's east coast.

The existing refinery will transform naphtha, by-product gases, ethane, and gasoline provided by Aramco into higher-value chemical products thanks to the new complex, the statement claims. Additionally, 1.65 million tons of ethylene are anticipated to be able to be produced annually at the facility.

The complex, which will require an extra $4 billion in investment, will supply new petrochemical and specialized chemical plants that will be constructed in the Jubail Industrial Zone, according to the plans of the firms.