Saudi Aramco and France's TotalEnergies signed contracts to start building an $11-billion petrochemicals facility in the Gulf kingdom, the two companies said. A signing ceremony for the engineering, procurement and construction contracts for the Amiral complex took place at Aramco's headquarters in Dhahran, in Saudi Arabia's Eastern Province.
QatarEnergy, Chevron Phillips to build $6 billion gas-to-plastics plant
The Ras Laffan Petrochemicals Complex, which will produce 2.1 million tonnes of ethylene a year along with 1.7 million tons of polyethylene derivatives, will come on stream in 2026. The complex will have "lower waste and greenhouse gas emissions" than similar facilities around the world, said Saad Sherida al-Kaabi, Qatar's...
