Growing non-fuel applications
We are pursuing non-fuel uses for crude oil to unlock greater value, create more economic opportunities, and reduce greenhouse gas emissions.
We are collaborating with SABIC, the Saudi-based global chemicals company, on a crude oil to chemicals project. In 2017, we signed a Memorandum of Understanding to pursue the next phase. The project — the first between Saudi Aramco and SABIC, two of the largest economic entities in the Kingdom — is anticipated to process 400,000 bpd of crude oil to produce approximately 9 million tons of chemicals and base oils annually in addition to transport fuels.
Our own crude oil to chemicals technology program aims to expand petrochemicals manufacturing by eliminating intermediate refining steps and converting crude oil directly to chemicals. In 2017, we successfully piloted a thermal crude oil to chemicals technology (TC2C™) that resulted in higher chemicals yield than previously achievable. We also established a strategic partnership with leading technology providers, Chicago Bridge & Iron and Chevron Lummus Global, to de-risk and scale up this technology.
We continued to expand the use of innovative nonmetallic materials, including the deployment of more than 2,300 km of nonmetallic pipes, resulting in significant life cycle cost avoidance across company operations. Expanding applications for nonmetallic materials, including for the automotive, building and construction, packaging, and renewable energy sectors could create additional markets for our crude oil and enable potential opportunities for local manufacturers.