According to a bourse filing on The Saudi Stock Exchange Tadawul on November 24, 2022, SABIC announces its intention to study the establishment of a complex to convert oil and liquids into chemicals in Ras Al-Khair, in the Kingdom of Saudi Arabia. The complex is expected to convert 400,000 barrels per day of oil into chemicals.
This project is part of SABIC’s strategic growth plans as well as contributing to the realization of the Kingdom’s program to convert oil and its liquids into chemicals.
SABIC also affirms its commitment to continue developing crude oil to chemicals technologies, which contributes to increasing cost efficiencies and value creation opportunities in the energy and chemical industry on a larger scale.
