Aramco’s Motiva plans petrochemicals expansion in the U.S.

Date: 2018-04-09   Author: Pankaj Singh  Category: #industry

Aramco’s Motiva plans petrochemicals expansion in the U.S.

Motiva Enterprises, a wholly owned subsidiary of Saudi Aramco, has reportedly signed a MoU with Honeywell UOP and TechnipFMC to explore petrochemical production technology in the U.S. Aramco’s CEO, Amin Nasser reportedly signed the MoU which is worth $8 to $10 billion, and the evaluated technologies will be used for the Aramco refinery that is being considered to be built at Port Arthur, Texas. The process technologies will cover the aromatics and ethylene units in the U.S., thus making the MoU of major significance for the overall specialty chemicals industry, as per experts.

The Crown Prince of Saudi Arabia, Mohammed bin Salman, who was at the end of a two-week visit to the U.S., was also present at the signing of the MoU in Houston, along with Khalid al-Falih, the Saudi Energy Minister and Rick Perry, U.S. Energy Secretary.

Incidentally, one memoranda will examine the use of mixed-feed ethylene production technologies by TechnipFMC while the other memoranda will assess the use of production and aromatics extraction for paraxylene and benzene with technologies developed by Honeywell UOP.

Brian Coffman, CEO, Motiva, apparently stated that the agreement is a step in Motiva’s expansion in the petrochemicals industry. Experts on the other hand, are predicting the agreement to be a driving force toward the expansion of the regional specialty chemicals industry.

The Port Arthur refinery has an approximate capacity of 600,000 bpd. Reliable sources reported that Motiva is evaluating to boost the capacity of the refinery to 1 to 1.5 million bpd, making it the world’s largest refinery.

With the memoranda dealing with Aramco to use of TechnipFMC’s ethylene production technologies, Motiva is considering the annual production of 2-million tons of ethylene, which is predominantly used in manufacturing plastics. The other memoranda will consider annual production of 2-million tons of chemicals and plastics feedstock which will be procured with the use of Honeywell UOP’s technology of benzene and paraxylene conversion.

However, Aramco officials declared that the final investment decisions for the multibillion dollar petrochemical plant at Port Arthur will not be finalized before 2019.



About Author


Pankaj Singh linkdin-boxtwitter

Pankaj Singh

Pankaj Singh Develops content for Algosonline, Market Size Forecasters, and a couple of other platforms. A Post Graduate in Management by qualification, he worked as an underwriter in the UK insurance domain before deciding to switch his field of profession. With exp...

Read More

Post Recommendents

3D Visualization System Market Professional Survey 2021 by Manufacturers, Share, Growth, Trends, Types and Applications, Forecast to 2027

Author: Ashwin Naphade

The and United States 3D Visualization System Market Forecast Report provides details analysis of and United States 3D Visualization System industry which will accelerate your business. and United States 3D Visualization System market report cover...


3D Systems Market Share, By Product Analysis, Application, End-Use, Regional Outlook, Competitive Strategies & Forecast up to 2027

Author: Ashwin Naphade

and China 3D Systems Market Trends covers the companies’ data including Growth potential analysis, Industry segmentation, Business trends, Growth drivers, Price trend analysis. The Report also Gives Detail Analysis on Market concern Like an...


Cinema Ticketing System Service Market Size | Global Industry Analysis, Segments, Top Key Players, Drivers and Trends to 2027

Author: Ashwin Naphade

and United States Cinema Ticketing System Service Market report provides key statistics on the market status of the and United States Cinema Ticketing System Service Industry and is a valuable source of guidance and direction for companies and in...