Al Jubail petrochemical complex owners outline $1 billion investment


By OGJ editors
HOUSTON, Apr. 11 -- Chevron Phillips Chemical Co. LLC (CPChem) and Saudi Industrial Investment Group (SIIG) plan a $1 billion addition to their existing petrochemical complex in Al Jubail, Saudi Arabia.

Startup is expected in 2006. A benzene unit will be expanded, while units for new products at the complex will be added that include ethylbenzene, styrene, and propylene. The styrene unit will be 600,000-700,000 tonnes/year, and capacities of the other planned units were not disclosed.

The participants expect that most of the styrene will be exported from the Persian Gulf region. Other products and coproducts will be marketed locally.

CPChem is a joint venture between ChevronTexaco Corp. and Phillips Petroleum Co. CPChem produces olefins and polyolefins and supplies aromatics, alpha olefins, styrenics, and specialty chemicals.

SIIG is a consortium of several Saudi companies focused on industrial investment in the petrochemical industry.

"Our strategy has been to build world-scale facilities with access to advantaged feedstocks and large, growing markets," said Mike Parker, CPChem's senior vice-president, aromatics and styrenics.

The existing Saudi Chevron Phillips facility, which started up in 2000, currently produces benzene, cyclohexane, and gasoline. CPChem and SIIG recently announced a 60,000 tonne/year expansion of the cyclohexane unit.

Related Articles

Chevron to increase production, maintain capex level through 2017

03/24/2014 Chevron Corp. will increase production by 20% through 2017 without raising capital expenditures, executives said Mar. 11 at the company's annual se...

Chevron to increase production, maintain capex level through 2017

03/13/2014 Chevron Corp. will increase production by 20% through 2017 without raising capital expenditures, executives said Mar. 11 at the company's annual se...

IHS CERAWeek: Oil executives cite rising business costs

03/04/2014 Demand for all types of energy continues to increase as oil and gas companies adapt to handle the ever-rising costs of finding and producing hydroc...

Chevron gets approval for Alder field, reaches FID

01/20/2014 Chevron Corp. UK subsidiary Chevron North Sea Ltd. has reached a final investment decision (FID) and received approval from the UK government to pr...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected