Saudi Arabian oil company, Aramco and energy and petroleum company, TotalEnergies have taken the final investment decision for the construction of a world scale petrochemical facility in Saudi Arabia.
The Amiral complex will be owned, operated, and integrated with the existing SATORP refinery located in Jubail on Saudi Arabia’s eastern coast. The petrochemical facility will enable SATORP to convert internally produced refinery off-gases and naphtha, as well as ethane and natural gasoline supplied by Aramco, into higher value chemicals, helping to advance Aramco’s liquids to chemicals strategy.
Amin Nasser, Saudi Aramco CEO says: ‘Our long-standing relationship with TotalEnergies has been further strengthened by this important project, which represents an opportunity for us to showcase the potential for cutting edge liquids to chemicals technologies that support the circular economy. With this collaboration we aim to expand the value chain by producing advanced chemicals more efficiently than ever before, accelerating industrial progress in the Kingdom.’
‘We are delighted to write a new page of our joint history by launching this expansion project, building on the successful development of SATORP, our biggest and most efficient refining & petrochemicals platform in the world. It also deepens the exemplary relationship between our two companies over many decades in the Kingdom of Saudi Arabia. This world-class complex also fits with our strategy to expand sustainably in petrochemicals by maximizing the synergies within our major platforms,’ adds Patrick Pouyanné, Chairman and Chief Executive Officer of TotalEnergies.
The overall complex, including adjacent facilities, is expected to create 7,000 local direct and indirect jobs and commercial operation is targeted to start in 2027.
