The Satorp joint venture of state-led petroleum firm Aramco and France’s Total is developing a mixed feed cracker with petrochemicals units that will be integrated with its recently expanded refinery at the Jubail downstream hub on the Gulf coast.
Satorp, which is owned 62.5% by Aramco and 37.5% by Total, is building the 1.5mn t/y cracker and an 800,000 t/y capacity polyethylene (PE) unit at an anticipated cost of $5.5bn, while looking to bring in other petchems firms to develop additional plants expected to cost a further $4bn. (CONTINUED - 671 WORDS)
