Specialized Research Report on Saudi Arabia, the Oil Kingdom of the Middle East

The first of these three refineries is the SATORP refinery located in Jubail—a joint venture between Saudi Aramco and France’s Total, which commenced operations in 2014. At that time, the SATORP refinery had reached its full processing capacity of 400,000 barrels per day (bpd) of Arab Heavy crude oil. The second refinery is the Yasref heavy crude oil refinery—a joint venture between Saudi Aramco and China Petroleum & Chemical Corporation (Sinopec)—with a throughput capacity of 400,000 bpd. The third is the Jazan refinery, situated at the southern end of the Red Sea, wholly owned by Saudi Aramco and also with a capacity of 400,000 bpd; it began operations in 2018. Internationally, Saudi Arabia continues its proactive expansion, forging cooperative partnerships with numerous countries. Building upon its existing integrated refining-and-petrochemical ventures with China, the United States, Japan, and South Korea, Saudi Arabia is further extending its overseas integrated refining-and-petrochemical projects. Saudi Arabia’s refining capacity is projected to increase over the next decade—an exceptionally rare instance of new refining capacity globally—driven by its flagship oil exporter, Saudi Aramco, actively seeking downstream joint ventures in China and India, the world’s primary growth centers. In March 2022, Saudi Aramco made a final investment decision to participate in the development of the Huajin-Aramco Petrochemical Integrated Refinery and Petrochemical Complex—Huajin-Aramco Petrochemical Company (HAPCO)—located in Northeast China. This liquid petrochemical complex will be developed by a joint venture comprising Saudi Aramco, Norinco Huajin Chemical Industry Group Co., Ltd., and Panjin Xincheng Industrial Group Co., Ltd. The project is expected to commence operations in 2024, with Saudi Aramco supplying up to 210,000 bpd of crude oil feedstock to the HAPCO complex. The integrated capacity of the refinery and ethylene cracker is projected to reach 300,000 bpd. This move coincides with a 10-year agreement signed between Rosneft and China National Petroleum Corporation (CNPC), under which Rosneft will supply 100 million metric tons (approximately 200,000 bpd) of crude oil. On November 17, 2022, Saudi Aramco announced it is developing the world’s largest integrated refinery–petrochemical steam cracker facility—Shaheen—through its subsidiary S-OIL, as part of its strategic initiative to maximize value along the crude-to-chemicals value chain. The project carries an estimated investment of USD 7 billion and will mark the first commercial application of Saudi Aramco’s and Lummus Technology’s TC2C thermal crude-to-chemicals technology. Previously, Phase I of the petrochemical expansion—completed in 2018—had involved an investment of USD 4 billion. The new facility will be built adjacent to S-OIL’s existing plant in Ulsan, South Korea, and is designed to produce up to 3.2 million metric tons of petrochemical products annually, including a unit for manufacturing high-value polymers. Construction is scheduled to begin in 2023, with completion targeted for 2026. The steam cracker is expected to process refinery by-products—including naphtha and off-gases—to produce ethylene. It is also anticipated to yield propylene, butadiene, and other base chemicals. Saudi Aramco is the majority shareholder of S-OIL, holding over 63% of its shares through its subsidiary Saudi Aramco Overseas B.V.

Global Mixed Xylenes Market Research Report 2026

This report investigates and analyzes the current status and future trends of the global mixed xylenes market, with core content as follows: Key global mixed xylenes producers include: Sinopec Corporation, PetroChina Company Limited, Shandong Jingbo Petrochemical Co., Ltd., Shenghong Refining & Chemical Co., Ltd., GS Caltex, S-OIL, LOTTE Chemical, PTT Global Chemical, Thai Oil, CPC Corporation Taiwan, ExxonMobil, Valero Energy, Shell, TotalEnergies, ENEOS, Sumitomo Chemical, Mitsui Chemicals, JFE Chemical, Braskem, Petrobras, and Moeve Chemicals. Mixed xylenes product types include the following categories: isomerization-grade, solvent-grade, nitration-grade, and custom-fraction. Primary application areas of mixed xylenes include: feedstock for para-xylene production, feedstock for ortho-xylene production, feedstock for meta-xylene production, feedstock for ethylbenzene production, industrial solvents, fuel blending, and other chemical applications. This report focuses on the following countries or regions: • North America (United States, Canada, Mexico) • Europe (Germany, France, United Kingdom, Russia, Italy, and other European countries) • Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia, etc.) • South America (Brazil, etc.) • Middle East and Africa Table of Contents for the Mixed Xylenes Report: 1. Overview of the Mixed Xylenes Market 1.1 Product Definition and Scope of Statistics 1.2 Major Categories of Mixed Xylenes by Specification Grade 1.2.1 Global Sales Growth Trends of Mixed Xylenes by Specification Grade: 2021 vs. 2025 vs. 2032 1.2.2 Isomerization-Grade 1.2.3 Solvent-Grade 1.2.4 Nitration-Grade 1.2.5 Custom-Fraction 1.3 Major Categories of Mixed Xylenes by Production Source 1.3.1 Global Sales Growth Trends of Mixed Xylenes by Production Source: 2021 vs. 2025 vs. 2032 1.3.2 Catalytic Reforming-Derived 1.3.3 Pyrolysis Gasoline-Derived 1.3.4 Toluene Disproportionation-Derived 1.3.5 Coker Naphtha-Derived 1.3.6 Other Recovery Sources 1.4 Major Categories of Mixed Xylenes by Distillation Range 1.4.1 Global Sales Growth Trends of Mixed Xylenes by Distillation Range: 2021 vs. 2025 vs. 2032 1.4.2 3°C Petroleum Mixed Xylenes 1.4.3 5°C Petroleum Mixed Xylenes 1.4.4 Other Distillation-Range Mixed Xylenes

S-Oil Targets January for Cracker Start-Up

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S-Oil Corp. targets January for the start-up of its Shaheen petrochemical cracker, capable of producing 1.8 million metric tons of ethylene yearly. Downstream polyethylene plants are expected to operate concurrently at the Onsan Industrial Complex.

chemweek

S-Oil Targets January for Cracker Start-Up

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