06 Nov 2018 / Yanbu, Saudi Arabia
Saudi Aramco and SABIC have announced their selection of Yanbu, on the west coast of Saudi Arabia, as the site for the development of an integrated industrial complex to convert crude oil to chemicals (COTC)…
…The complex will utilize an economically viable, innovative configuration to convert crude oil to chemicals. This process is unprecedented in the industry.
The COTC complex is expected to process 400,000 barrels per day of crude oil, which will produce approximately 9 million tons of chemicals and base oils annually and is expected to start operations in 2025…
…The announcement strengthens the alliance between the two largest Saudi global entities and solidifies the Kingdom’s position as a global leader in chemicals by substantially increasing production and maximizing value across the entire hydrocarbons chain…
(For information about operations in Yanbu, contact GAC Saudi Arabia at [email protected])
Source: Extracts from Saudi Aramco (www.saudiaramco.com) news release dated 1 November 2018
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