Saudi Arabia: Thermal Crude to Chemicals Process Joint Development Agreement Signed to Commercialize Saudi Aramco's TC2C Technology
Saudi Aramco, CB&I, and Chevron Lummus Global have signed a joint development agreement to scale up and commercialize Saudi Aramco's Thermal Crude to Chemicals (TC2C) technology.
Dhahran/Saudi Arabia — TC2C has been developed by the Saudi Arabian company's Research & Development Center over the past few years in order to increase higher chemicals yields. By employing a proprietary direct conversion process, this technology bypasses conventional refining steps.
Saudi Aramco President and CEO Amin H. Nasser said, that his company is prioritizing investments in new R&D and technology and wants to contribute to the development of a more diversified Saudi economy.