Saudi Aramco, SABIC select Yanbu as site for new industrial complex

Gas is flared off at Saudi Aramco’s Shaybah oilfield in the Empty Quarter. (Reuters)

• Yanbu will be the site of an integrated industrial complex tasked with converting crude oil to chemicals
• Complex is expected to process 400,000 bpd of crude oil, which will produce around 9 million tons of chemicals and base oils annually

DUBAI: Saudi Aramco and Saudi Basic Industries Corp. said on Thursday that Yanbu will be the site for an integrated industrial complex they plan to build to convert crude oil to chemicals.
The complex, located on the west coast of Saudi Arabia, is expected to process 400,000 barrels per day of crude oil, which will produce around 9 million tons of chemicals and base oils annually. It is expected to start operations in 2025, the two companies said in a statement.