Saudi Arabia To Build Oil-To-Chemical Plant In Yanbu – ValueWalk Premium
Oil

Saudi Arabia To Build Oil-To-Chemical Plant In Yanbu

Saudi Arabia's Aramco has been researching for years ways to extract chemicals directly from crude oil, without having to refine it first. According to a recent press release, the government of Saudi Arabia has been successful in its endeavors and is planning to construct an oil-to-chemical plant in the city of Yanbu.

The nation’s oil minister, Ali bin Ibrahim Al-Naimi, released this information in a press conference on Tuesday. Saudi Basic Industries Corporation (TADAWUL:2010), one of the largest petrochemical corporations in the world, has collaborated with the government for the development of this technology . . .

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