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Aramco takes step to integrating petrochems into US biggest refinery

The 1.2-million bpd Reliance Industries refinery in Jamnagar, India, has the world's largest crude oil processing capacity

Reuters  |  Houston 

Saudi Aramco took the first steps to integrating a petrochemicals business into the United States' biggest oil refinery, which is operated by its subsidiary Motiva Enterprises. Aramco's Chief Executive Amin Nasser signed memoranda of understanding (MoUs) worth $8 billion-$10 billion with Honeywell UOP and Technip FMC to study petrochemical production technology for use in a chemical plant the company is considering building at the Port Arthur refinery. Saudi Arabia's Crown Prince Mohammed bin Salman, who was winding up a two-week visit to the United States, was ...

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First Published: Mon, April 09 2018. 01:54 IST
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