Saudi Aramco’s chemical production to triple by 2030
As part of the country’s 2030 economic reform plan which intends to diversify the economy away from oil, Aramco has focused on the integration of its refineries with petrochemical infrastructure with the aim of developing its downstream business, diversifying its operations and expanding its sales of refined products.
This year Aramco started up the first mixed-feed cracker in the Middle East at its Sadara Chemical Company, a JV with US Dow Chemical. Its PetroRabigh facility, namely Rabigh 2, a JV with Japanese Sumitomo Chemical, is also being expanded, the reports indicate.
The Sadara and Petro Rabigh facilities are expected to raise the company’s total chemicals production to more than 15 million tons/year.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- Softer expectations take hold of Europe’s PE market for November
- Asia PS, ABS markets under pressure from multi-year low styrene
- US PE exports to continue to dominate Q4 market outlook
- Taiwanese major sells out Nov PVC quota to India ahead of Diwali
- Will Asian spot ethylene markets pull back from 10-year lows?
- October hikes prove short-lived in Europe’s PP market
- Firming PE trend stumbles, medium-term expectations stifled in Turkey
- PET prices fail to rebound from near 3-year low in Asia, Europe
- African PP, PE markets start Q4 in limbo amid varying pricing policies
- Will Taiwanese major roll over November PVC offers?