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SABIC is planning to start a joint project with Saudi Aramco to convert crude into petrochemicals. As oil receives strong demand, the Saudi energy minister confirmed that this venture will accelerate growth by 60% until 2040. This strategy is currently in its final stages and it includes building an important chain from basic petrochemicals to specialized petrochemicals. The system aims to convert about 4 million barrels of crude and liquids into petrochemicals for local projects. Aramco has been working to commercialize crude to chemicals technologies as part of the strategy to position itself as a preeminent player in the global petrochemicals industry.

SABIC and Aramco plan to start crude-to-petrochemicals project in Ras Al-Khair

< 1 minute read

SABIC is planning to start a joint project with Saudi Aramco to convert crude into petrochemicals. As oil receives strong demand, the Saudi energy minister confirmed that this venture will accelerate growth by 60% until 2040. This strategy is currently in its final stages and it includes building an important chain from basic petrochemicals to specialized petrochemicals. The system aims to convert about 4 million barrels of crude and liquids into petrochemicals for local projects. Aramco has been working to commercialize crude to chemicals technologies as part of the strategy to position itself as a preeminent player in the global petrochemicals industry.

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