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Issue 8/2018 - Saudi Aramco and Total jointly build a giant petrochemical project

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

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Saudi Aramco and Total recently signed a memorandum of understanding to build a $5 billion giant petrochemical complex
in Jubail
, Saudi Arabia.
The investment will include a mixed feedstock steam cracking plant with an annual capacity of 1.
5 million tonnes of ethylene and related high value-added petrochemicals
.
The cracking plant will provide feedstock
for other petrochemical and specialty chemical plants.

Patrick Pouyanné, chairman and CEO of Total, said the project will utilize low-cost feedstocks to supply "the rapidly growing Asian polymer market.
"

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