$11 billion! Saudi Aramco and Total will build a petrochemical complex

On December 15, 2022, Saudi Arabian Oil Company (Saudi Aramco) and Total Energies made a final investment decision to build a world-class petrochemical facility Amiral
in Saudi Arabia.
The investment scale of the project is up to US$11 billion, of which US$4 billion will be completed by Saudi Aramco (62.
5%) and Total Energies (37.
5%) through equity contributions
.

The proposed Amiral complex will be part of, operated by and integrated
with the SATORP refinery in Jubail, on the east coast of Saudi Arabia.
Through this petrochemical facility, SATORP will convert waste gas and naphtha produced in-house, as well as ethane and natural gas delivered by Saudi Aramco, into higher-value chemicals that are expected to further Aramco's petrochemical strategy
.

The facility will include a mixed-feedstock cracker that can produce 1.
65 million tonnes of ethylene per year, the first in the Gulf to be integrated with an oil refinery
.
The facility will also include two state-of-the-art polyethylene units with advanced dual-circuit technology, a butadiene extraction unit and other related derivatives units
.

The complex will provide feedstock for other petrochemical and specialty chemical plants located within the Jubail Industrial Zone, which will be built, owned and operated by globally renowned downstream investors with an estimated additional investment of $4 billion
.
This will help promote the development of
key manufacturing industries such as carbon fiber, lubricants, drilling fluids, detergents, food additives, auto parts and tires.

The facility is scheduled to begin construction in the first quarter of 2023 and enter commercial operation
in 2027.
The complex as a whole, including adjacent facilities, is expected to create 7,000 direct and indirect jobs
locally.