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Saudi Aramco’s wholly-owned Motiva US refining and marketing subsidiary is considering $6.625bn of investment at its 635,000 b/d Port Arthur refinery in Texas.
According to documents filed with the Texas Comptroller of Public Accounts on 17 December, Motiva “is evaluating the possible development, design and construction of a world-scale steam cracker… [which] would manufacture ethylene [to be] used as a feedstock to manufacture a variety of petrochemicals” as well as a “world-scale aromatics complex… [which] would manufacture benzene and paraxylene which are used to manufacture a variety of petrochemical products.”
The filings indicate anticipated investment of $4.679bn on the cracker and $1.946bn on the aromatics complex. (CONTINUED - 1090 WORDS)