SABIC and Aramco plan to start crude-to-petrochemicals project in Ras Al-Khair 

RIYADH: Saudi Basic Industries Corp., or SABIC, is planning to start a joint project with Saudi Aramco to convert crude into petrochemicals, the Kingdom’s Energy Minister Prince Abdulaziz bin Salman revealed. 

With a capacity of 400,000 barrels of crude per day, Saudi Arabia’s first-of-its-kind project is set to come up in Ras Al-Khair, he added. 

The minister made the announcement during an event to open a SABIC building in Al Jubail. The Prince also added that Saudi Arabia plans to open a new port in the industrial city of Ras Al-Khair to export petrochemicals.