Saudi Aramco and Sinopec focus on large new petrochemical projects in Saudi Arabia

Share:

Saudi Aramco, Sinopec Group and Yanbu Aramco Sinopec Refining Company (Yasref) announced plans for a large-scale petrochemical expansion at their joint venture plant in Yanbu, Saudi Arabia.

Saudi Aramco, Sinopec Group and Yanbu Aramco Sinopec Refining Company (Yasref) announced plans to a extensive petrochemical expansion at their joint venture plant in Yanbu, Saudi Arabia. The two companies said in a joint statement on April 9 that the expansion project mainly includes the construction of a mixed feed steam cracker with annual output of 1. From what I've seen, Additionally 8 million tons and a downstream aromatics complex with annual output of 1. Pretty interesting, huh?. 5 million tons. And At present, the investment amount of the project and the date of the final investment decision have not yet been announced. But Based on my observations, Engineering studies to an integrated petrochemical complex located at the Yasrev refinery in Yanbuya are ongoing, the companies said in a statement. From what I've seen, Cracking units, aromatics units and related derivative items units will be integrated into the existing refinery complex. I've found that Yasrev is a joint venture in which Saudi Aramco holds a 62. Based on my observations, 5 percent stake and Sinopec holds the remaining 37. 5 percent. According to research Saudi Aramco, Sinopec and Yasrev have signed a joint venture framework agreement that the three parties say will pave the way to the expansion of the Yanbu petrochemical plant on the west coast of Saudi Arabia. Saudi Aramco and Sinopec have signed a memorandum of understanding in 2022 to carry out possible petrochemical projects at the Yasrev plant. They said the project "aims to maximize operational synergies and create additional value. And I've found that which is expected to enhance Yasref's ability to meet the growing demand to high-condition petrochemicals". Aramco President and CEO Amin Nasser said the agreement "further deepens and enhances our strategic partnership with Sinopec".

Previous

Trump suspends "retaliatory" tariffs for 90 days, raises tariff rate on China to 145 percent

Next

Vietnam welcomes US president's suspension of reciprocal tariffs

Related January 7, 2026

Hunan Petrochemical 1 million tons of continuous reorganization put into production! SLCR autonomous technology a successful drive

Related January 6, 2026

White Paper on China's C4 Industry Chain in 2025: Leap from "Fuel Era" to "High-end Raw Material Era"

Related January 4, 2026

Hengyi Group's 2.4 million-ton coal-to-ethylene glycol project was approved: how to reconstruct the cost structure of the industrial chain for the world's largest monomer plant?

Related December 30, 2025

Huada Chemical Yantai 200000 Ton Polyurethane Base Phase I Put into Production: Lock in Asian Shoe Clothing and Industrial Coatings Supply Chain

Related December 29, 2025

Xinpu Chemical 7.187 billion Yuan High-end Chemical Project Approved for Industrial Upgrading and Ushering in Key Layout

Related December 26, 2025

Huajin Armei 83.7 billion Project Breaks 95% Progress: Asian Petrochemical Trade Flow Faces Deep Reconstruction

Related December 25, 2025

Lianhong Gurun 300000-ton PO plant production analysis: China's propylene oxide industry has entered the era of 10 million tons.

Related December 24, 2025

BASF Zhanjiang 500000-ton polyethylene plant put into production: South China Petrochemical pattern reconstruction and industrial chain opportunity analysis.

Related December 23, 2025

Fujian Gulei Refining Phase II: 71.1 billion Yuan Sino-Saudi Cooperation Project Reshapes South China Petrochemical Territory

Related December 22, 2025

China Bisphenol A Market Weekly: Weak Pattern of Supply and Demand and Reconstruction of Global Industrial Chain

Quick inquiry

Create

Inquiry Sent

We will contact you soon