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Saudi Aramco and France’s TotalEnergies to establish an 11 billion dollar petrochemical plantSaudi Aramco and France’s TotalEnergies to establish an 11 billion dollar petrochemical plant

It was stated that Saudi Arabia’s national oil company Saudi Aramco and France-based multinational oil company TotalEnergies are planning to build a petrochemical plant in Saudi Arabia. The construction of the facility, which will cost 11 billion dollars, is planned to start in the first quarter of 2023.

In the statement made by Aramco, it was stated that the construction of the facility, which will cost 11 billion dollars, is planned to start in the first quarter of 2023, and it is aimed to be operational in 2027.

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It was noted that the facility, which will be named “Admiral”, will be integrated with the Saudi Aramco Total Refinery and Petrochemical Company (Satorp) located in the city of Jubayl in eastern Saudi Arabia.

It was stated that the planned facility will transform the gases from Satorp’s own refineries and naphtha and ethane and gasoline supplied by Aramco into high-value chemicals.

In the statement, it was stated that there will be an ethylene production unit with an annual production capacity of 1.65 million tons, two modern polyethylene units and a butadiene extraction unit.

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