Direct crude-to-petchems plans would slash processing costs. Whose technology to use?

Saudi Aramco and Sabic have signed an MoU for preliminary work on a crude oil to chemicals (COTC) project intended to process 400,000 b/d of crude to produce 9mn t/y of chemicals and base oils.

Aramco CEO Amin Nasser says the companies will go 50:50, with a final investment decision slated for end-2019 with a view to 2025 start up. The estimated cost of $20bn would make it one of the priciest...