Oil-to-Chemicals Sabic Plans to Turn Crude into Chemicals
Saudi Basic Industries, better known as Sabic, plan a new oil-to-chemicals (OTC) mega-plant: The project shall help to turn Saudi Arabia into a technology leader in the petrochemical industry, the company stated.
Riyadh/Saudi Arabia – A start of commercial operations is expected for 2020, Sabic officials stated. During construction and operation, the plant could provide the region with around 100,000 direct and indirect jobs. Petrochemicals, such as ethylene and propylene and other basic materials for plastics and polymers, are usually produced by processing gas or refined oil products.
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