Inauguration of Sadara and SATORP Projects in Jubail

Saudi Arabia: King Salman bin Abdulaziz Al Saud, the custodian of two holy mosques inaugurated some of the leading projects in refining and petrochemical industries namely – Sadara & Satorp to positively support the country’s 2030 vision. Sadara Chemical Company (Sadara) and the Saudi Aramco Total Refining and Petrochemical Co. (SATORP) are under the partnership of Saudi Aramco with two global players namely The Dow Chemical Company and Total. The Sadara project in a joint venture between Saudi Aramco and The Dow Chemical Company which is located in Jubail Industrial City in Saudi Arabia with a production capacity of 3 million tons annually for chemicals and plastics. The first phase of the project commenced its operations in 2015 and the reaming project is expected to complete by the end of 2016. The project is also expected to employee over 4000 people once fully operational.

The SATORP project a joint venture of Saudi Aramco and Total. This facility has the ability to process 400,000 barrels per day of heavy Arabian crude into ow-sulfur gasoline, diesel and jets fuel as per the standards in United States, Europe and Japan. The facility can also produce over 1 million tons of paraxylene, benzene, sulfur and pure petroleum coke.

TechSci Research depicts that Saudi Arabia’s industrial base expansion aims will help the country attract foreign investment as well as reduce unemployment creating new job opportunities in the country. This will further help to enhance in manufacturing & technology industry of the country. These projects will further help Saudi Aramco enhance their position in the energy and chemicals industry.

According to the recently published report by TechSci Research, “Global Pet Coke Market By Type, By End Use, By Region Competition Forecast & Opportunities, 2011-2025’’, the global pet coke market is forecast to surpass US$ 25 billion by 2025. On the basis type of pet coke market has been segmented into two categories such as, fuel grade and calcined grade pet coke. Fuel grade pet coke accounts nearly 80% of the total pet coke production across the world and is majorly used for power and electricity generation purposes across various manufacturing industries. Rising power consumption, growing urbanization, increasing investments by various governments, coupled with rising demand for high energy and cost efficient fuel from cement, smelting and power generation industries are the major factors driving global pet coke market. Moreover, discoveries new sources of pet coke, coupled with growing demand from cement and power sector are further expected to drive production of pet coke across various region during the forecast period.