Aramco, SABIC reassess oil-to-chemicals complex

Saudi Arabia

RIYADH, October 19, 2020 – Saudi Aramco and SABIC are reconsidering an oil-to-chemicals mega-project, looking to integrate existing facilities instead, SABIC revealed on Sunday.

In a statement, the downstream giant said it and Aramco  were eyeing the integration of the NOC’s refineries in Yanbu with a mixed-feed steam cracker and olefin derivative units.

The USD 20-billion crude-oil-to-chemicals, or COTC, complex has been one of the Saudi industry’s key initiatives since the agreement was signed in 2017.

“SABIC and Saudi Aramco remain committed to continue advancing crude to chemicals technologies through existing development programs with the goal to increase cost efficiency, competitiveness and value creation opportunities for petrochemicals,” the statement from SABIC said.

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