Aramco And Totalenergies Have Granted Contracts For The Amiral Carbon Fibre Project Worth USD 11 Billion
Amiral Complex, A Future Petrochemicals Expansion Project For The SATORP Refinery
Aramco and TotalEnergies have awarded the EPC (Engineering, Procurement and Construction) contracts for the latest "Amiral" complex, accounting for USD 11 billion. The facility will extend the SATORP refinery's world-class petrochemical establishment in the Kingdom of Saudi Arabia. At the new complex's launching ceremony in Dhahran, Aramco President and CEO Amin H. Nasser, as well as TotalEnergies Chairman and CEO Patrick Pouyanné, were in attendance.
The latest project will be incorporated with the Gulf's biggest mixed-load steam crackers that hold a production capacity of 1,650 kilotons of ethylene and other industrial gases annually.
The complex will be used for converting internally produced naphtha along with refinery off-gases and ethane and natural gasoline supplied by Aramco into high-value chemicals.
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The plant's construction will begin in Q1 of 2023, and its commercial operations will start in 2027.
This development will likely generate over USD 4 billion in added investment across various industrial segments such as lubes, carbon fibres, detergents, food additives, drilling fluids, automotive parts and tires. The investment will also form direct and indirect jobs for about 7,000 people.
The EPC contracts were given to Hyundai Engineering & Construction Co. Ltd, Maire Tecnimont, Sinopec Engineering (Group) Saudi Co. Ltd, Gulf Consolidated Contractors Co., Mohammed Ali Al-Suwailem Trading and Contracting Co., Mofarreh Marzouq Al Harbi and Partners Co. Ltd and Mobarak M. AlSalomi and Partners for Cont. Co for their respective contributions.
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According to the Procurement Resource article, the latest Amiral Complex, which will be built as an expansion project for the SATORP refinery, awaits construction as its EPC contract worth USD 11 billion has been awarded by Aramco and TotalEnergies. The plant's expected to be constructed in Q1 of 2023 and fully functional by 2027. It is expected that the project will yield USD 4 billion from its various business segments. Additional details of the project have been mentioned in the article.
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