Home / Knowledge / News / Textiles / Saudi Arabia plans oil-to-petrochemicals plant in Yanbu
Saudi Arabia plans oil-to-petrochemicals plant in Yanbu
Mar '14
The Kingdom of Saudi Arabia is planning to construct a plant that could directly convert crude oil into petrochemicals like ethylene and propylene, without first refining the oil, Ali bin Ibrahim Al-Naimi, Minister of Petroleum and Mineral Resources, has said, reports Saudi Gazette.
Saudi Arabia is the world’s largest crude oil exporter and the Saudi Arabian Oil Company (Saudi Aramco) has been researching for years to find ways to directly make ethylene and propylene from crude oil.
Addressing a conference in Yanbu, a major Red Sea port in the Al Madinah province of western Saudi Arabia, located at about 300 km northwest of Jeddah, Mr. Al-Naimi said the Ministry is studying an innovative technology to set up an integrated industrial plant for the production of petrochemicals from crude oil, without any need to build a conventional oil refinery.
The proposed oil-to-petrochemicals complex would be built at Yanbu, in collaboration with Saudi Basic Industries Corp (SABIC), one of the world’s largest chemicals companies.
Mr. Al-Naimi said the proposed oil-to-petrochemicals project would create new employment opportunities for Saudi youth in Yanbu, which already boasts of several oil refineries and petrochemical plants.
Saudi Arabian economy heavily depends on revenues from export of crude oil and hence the Government’s strategy is to diversify the economy by developing the country’s petrochemical sector.

Fibre2fashion News Desk - India

Interviews View All

Arvind Saraf, Triveni Sarees

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Milind Khandwe, Hindoostan Innovation Centre

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Smarth Bansal, Colorjet India Limited

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Harssh Chheda,

Harssh Chheda

Mumbai-based Corporate Collars provides bespoke tailoring services for...

Iacopo Pardini,

Iacopo Pardini

Founded in 1953, Italian engineering company Arioli Spa started...

Siddhachakra Weaving (Badiya Fashion),

Siddhachakra Weaving (Badiya Fashion)

Ahmedabad-based Siddhachakra Weaving Pvt Ltd was established in 2011 under ...

Kerem Durdag, Biovation II LLC

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Wolfgang Plasser, Lenzing AG

Wolfgang Plasser
Lenzing AG

The Lenzing Group is an international company headquartered in Austria...

Davide Vigano, Sensoria

Davide Vigano

Sensoria is a leading developer of smart garments and IoMe (Internet of...

Vaanee Bhatia, Gritstones Clothing

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Aneeth Arora, Péro

Aneeth Arora

The Woolmark Company has partnered with handmade fashion label Péro and...

Prathyusha Garimella, Prathyusha Garimella

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

November 2019

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Follow us on instagram


Follow Fibre2Fashion On

Advanced Search