Cooperation Goals to Construct a First-rate Integrated Refining and Petrochemical Complex
YANBU INDUSTRIAL CITY, Saudi Arabia, April 10, 2025/ PRNewswire/– On the 10th anniversary of the facility of the Yanbu Refinery joint endeavor, China Petroleum & & Chemical Corporation (” Sinopec,” HKG:0386) and Saudi Arabian Oil Business (” Aramco”) signed an endeavor structure arrangement (” VFA”) to advance the Yanbu Refinery Growth Task.
The task will utilize existing centers to build brand-new systems, consisting of a massive blended feed steam cracker of 1.8 million metric loads annually ethylene plant, a 1.5 million heap annually aromatics plant with associated downstream polyolefin systems, boosting incorporated refining and petrochemical synergies and cultivating an ingenious, full-industry-chain environment. Upon conclusion, the growth will considerably enhance production capability for high-end petrochemical items, assistance Saudi Arabia’s commercial diversity technique, and fulfill growing worldwide market need.
” The Yanbu Refinery stands as a testimony to the strong relationship in between China and Saudi Arabia, providing robust financial advantages and advancing the petrochemical market’s modernization,” commented Zhao Dong, Sinopec Group President “This growth will open higher synergies in between Sinopec and Aramco, developing a world-leading integrated refining and petrochemical business with worldwide competitiveness. Together, we will add to a low-carbon energy shift.”
Aramco President & & CEO Amin H. Nasser highlighted, ” The Yanbu growth arrangement deepens Aramco’s tactical collaboration with Sinopec. By focusing on item development and diversity, we intend to enhance Saudi Arabia’s management in the worldwide energy and chemicals landscape while placing Yanbu as a premier incorporated refining and petrochemical center.”
The Yanbu Refinery, a flagship partnership under Saudi Arabia’s Vision 2030 and China’s Belt and Roadway Effort, lies in Yanbu Industrial City, Saudi Arabia. The Yanbu Refinery covers 5.2 million square meters and procedures 430,000 barrels daily of Saudi heavy petroleum, producing premium fine-tuned items and value-added chemicals for worldwide markets. As a critical energy center in the Middle East, the refinery has actually driven Saudi Arabia’s commercial modernization and global engagement.
The growth task marks a brand-new chapter in the collaboration, integrating technological development and commercial chain optimization to update conventional energy cooperation designs and check out sustainable advancement paths.
The growth task will incorporate brand-new ethylene, aromatics, and polyolefin systems with existing facilities, raising the complex’s refining-petrochemical combination abilities and broadening production of high-performance products. It will likewise include sophisticated innovations and green developments to support Saudi Arabia’s financial diversity and decarbonization objectives.
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SOURCE SINOPEC
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