Aramco Looks To Crack Texas With $6.6bn Shale-Fuelled Petchems Plans

US shale may be Saudi’s key rival for global oil dominance, but Saudi Aramco plans for $6.6bn of Texas investment, while Sabic is advancing rival $7.3bn plans.

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)