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Issue 23/2017 - Saudi Aramco and SABIC plan to build a US$20 billion petrochemical project

 Last Update: 2022-11-11
 Source: Internet
 Author: User

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price oil crude

polypropylene polyethylene

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Saudi Aramco and SABIC plan to build a $20 billion petrochemical project Recently, Saudi Arabia's National Oil Company (Saudi Aramco) and Saudi Basic Industries Corporation (SABIC) signed a memorandum of understanding to jointly complete a $20 billion petrochemical project

to convert crude oil into chemicals.
The project will produce polyethylene, polypropylene, xylene, benzene and other chemical products from crude oil, with a processing capacity of 400,000 barrels per day, and can produce 9 million tons of chemical products and base oils
per year.

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