Aramco, SABIC advance plan for crude oil-to-chemicals complex

Saudi Aramco and SABIC have formalized a previously announced agreement to conduct a joint feasibility study for the development of a fully integrated crude oil-to-chemicals complex in Saudi Arabia. The companies have signed a memorandum of understanding to execute front-end engineering design for the proposed COTC complex, which they expect will process 400,000 b/d of crude oil to produce about 9 million tonnes/year of chemicals and base oils.


Source: News