Saudi Aramco, Total sign MoU for ‘giant’ $5bn petchems complex at Jubail
Jonathan Lopez
10-Apr-2018
LONDON (ICIS)–Saudi Aramco and Total have signed a memorandum of understanding (MoU) to build a “giant” petrochemical complex at their SATORP refinery in Jubail, eastern Saudi Arabia, the French energy major said on Tuesday.
The complex will be integrated downstream of the SATORP refinery, a joint venture between Aramco (62.5%) and Total (37.5%).
The refinery has the capacity to process 440,000 bbl/day.
The petrochemical complex will comprise a mixed-feed steam cracker (50% ethane and refinery off-gas) with a capacity of 1.5m tonnes/year of ethylene and related petrochemicals.
Total said total capital expenditure (capex) for the project would stand at around $5bn.
The companies are planning to start the front-end engineering and design (FEED) in the third quarter.
“The cracker will feed other petrochemical and specialty chemical plants representing an overall amount of $4bn investment by third party investors,” said Total.
“In total, $9bn will be invested, creating 8,000 local direct and indirect jobs. The project will produce more than 2.7m tonnes [/year] of high value chemicals.”
Global News + ICIS Chemical Business (ICB)
See the full picture, with unlimited access to ICIS chemicals news across all markets and regions, plus ICB, the industry-leading magazine for the chemicals industry.
Contact us
Partnering with ICIS unlocks a vision of a future you can trust and achieve. We leverage our unrivalled network of industry experts to deliver a comprehensive market view based on independent and reliable data, insight and analytics.
Contact us to learn how we can support you as you transact today and plan for tomorrow.