Tag Archive

Eni and SABIC to produce high value fuels and chemicals

Eni and SABIC to produce high value fuels and chemicals

February 11, 2019 No Comments

Eni and SABIC signed a Joint Development Agreement to further develop an innovative technology for natural gas conversion into synthesis gas that can be further transformed into high value fuels and chemicals, such as methanol. The partnership will involve, among other activities, the construction of an Industrial Demonstration Plant that will be built and operated […]

ExxonMobil to Open New Crude Unit as Part of Beaumont Refinery Expansion

ExxonMobil to Open New Crude Unit as Part of Beaumont Refinery Expansion

January 30, 2019 No Comments

ExxonMobil said that it has reached a final investment decision and started construction on a new unit at its Beaumont, Texas refinery that will increase crude refining capacity by more than 65 percent, or 250,000 barrels per day. The third crude unit within the facility’s existing footprint will expand light crude oil refining, supported by […]

Wood wins new contract with Saudi Aramco and SABIC

Wood wins new contract with Saudi Aramco and SABIC

March 13, 2018 No Comments

Wood has been selected to develop the world’s largest fully integrated crude oil to chemicals (COTC) complex in the Kingdom of Saudi Arabia, on behalf of Saudi Aramco and SABIC as the first PMC contractor. The company will provide front end engineering design (pre-FEED and FEED) and project management services during the engineering, procurement and […]

Shell completes SADAF chemicals sale to SABIC for $820mn

Shell completes SADAF chemicals sale to SABIC for $820mn

August 16, 2017 No Comments

Shell has completed the sale of its 50% share in SADAF, the petrochemicals joint venture, located in Al Jubail, in the Kingdom of Saudi Arabia to SABIC for $820 million. This sale was announced on 22 January 2017. Completion follows anti-trust filings in the relevant countries and regulatory approval from the Kingdom of Saudi Arabia. […]

Wood Group secures new UK contract with petrochemical manufacturer SABIC

Wood Group secures new UK contract with petrochemical manufacturer SABIC

August 19, 2016 No Comments

Wood Group has been awarded a new contract by petrochemical manufacturer SABIC, in the UK. Engineering design services will be provided to the SABIC Teesside complex in Wilton, UK under the contract, which is effective immediately. The contract, which will be delivered by Wood Group’s operations in Woking, extends the company’s support of SABIC globally; […]

Saudi Aramco and SABIC  Sign Heads of Agreement for Feasibility Study on Crude Oil-to-Chemicals Complex in Saudi Arabia

Saudi Aramco and SABIC Sign Heads of Agreement for Feasibility Study on Crude Oil-to-Chemicals Complex in Saudi Arabia

July 25, 2016 No Comments

Saudi Aramco and Saudi Arabian Basic Industries Corporation (SABIC) have signed heads of agreement to conduct a feasibility study on the development of a fully integrated crude oil-to-chemicals complex to be located in Saudi Arabia. The heads of agreement contains key principles of cooperation that will form the basis for the companies to establish a […]

SABIC and ExxonMobil Evaluating Petrochemical Joint Venture on U.S. Gulf Coast

SABIC and ExxonMobil Evaluating Petrochemical Joint Venture on U.S. Gulf Coast

July 25, 2016 No Comments

SABIC and an affiliate of Exxon Mobil Corporation (ExxonMobil) (NYSE:XOM) are considering the potential development of a jointly owned petrochemical complex on the U.S. Gulf Coast. If developed, the project would be located in Texas or Louisiana near natural gas feedstock and include a world-scale steam cracker and derivative units. Before making final investment decisions, […]