Saudi state-led petroleum firm Aramco and its Sabic petrochemicals subsidiary are re-evaluating their crude oil to chemicals (COTC) project at Yanbu on the Red Sea coast by incorporating existing refining capacity with new petrochemicals units rather than building all from scratch.

Sabic announced on 18 October via the Tadawul exchange that “both parties intend to re-evaluate the scope of the Crude Oil to Chemicals (COTC) complex project and study the integration of Saudi Aramco’s existing refineries in Yanbu with a world-scale mixed-feed steam cracker and downstream olefin derivatives units.” (CONTINUED - 615 WORDS)