Saudi Arabia’s Petro Rabigh downstream venture aims to have carbon capture utilization and storage (CCUS) facilities up and running by 2023. Petro Rabigh operates a 400,000 b/d refinery with 4.97mn t/y of integrated petchems on the Red Sea coast south of Yanbu and is owned by Saudi Aramco (37.5%), and Japan’s Sumitomo Chemical (37.5%), with the remaining 25% of shares traded on Saudi Arabia’s Tadawul exchange.

The refinery runs on Arab Light crude, while the petrochemicals units run on crude oil, ethane and butane feedstock supplied by Saudi Aramco as well as naphtha from the refinery. (CONTINUED - 517 WORDS)