By : Inspenet, December 16, 2022
Saudi Aramco and TotalEnergies have made the final investment decision for the construction of a world-scale petrochemical plant in Saudi Arabia. The “Amiral” complex will be operated and integrated with the SATORP refinery located in Jubail on the east coast of Saudi Arabia. The investment decision is subject to customary closing conditions and approvals.
The petrochemical facility will enable SATORP to convert internally produced refinery exhaust and naphtha, as well as ethane and natural gasoline supplied by Aramco, into higher value chemicals, helping to advance the liquids strategy. Aramco Chemicals.
The complex will comprise a mixed feed cracker capable of producing 1.65 million tons of ethylene per year, the first in the region to be integrated with a refinery. It will also include two state-of-the-art polyethylene units with Advanced Dual Loop technology, a butadiene extraction unit and other associated derivative units.
The project alone represents an investment of around 11 billion dollars, of which 4 billion will be financed through the capital of Aramco (62.5%) and TotalEnergies (37.5%). Its construction is scheduled to begin during the first quarter of 2023 and it is expected to begin commercial operations in 2027.
Photo: ShutterStock
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