Aramco signs MoU with Sumitomo for Petro Rabighby Abdelghani Henni on Apr 20, 2009
Saudi Rabigh Refining and Petrochemical Company (Petro Rabigh) has announced that a Memorandum of Understanding (MoU) to conduct a feasibility study for the second phase of the huge US$10 billion project has been signed by the two companies involved in the joint venture, the state-owned energy giant Saudi Aramco and Japan’s Sumitomo Chemical Company.
In a statement released to the press the two companies said that they will aim to conclude the study by the third quarter of 2010 and, if the project proves to be economically viable, complete works on the second phase by the third quarter of 2014.
The expansion would allow the facility’s ethane cracker to increase capacity by an additional 30 million cubi feet per day of ethane.
The two companies also announced a new aromatics complex could be built that would use around 3 million tonnes per annum of naptha as feedstock.
Meanwhile, the company faced a unscheduled shutdown of its new cracker which could push back the start up deadline of its derivative plants.
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