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CHAPTER THREE
Arab And World Developments
the outcome of the feasibility study, it has confirmed the feasibility of
the Rabigh-II project and decided to move ahead by finalizing various
project elements, such as contracts for engineering, procurement and
construction (EPC), as well as project financing.
The Rabigh-II Project’s main products will be ethylene
propylene rubber (EPDM), thermoplastic polyolefin (TPO), methyl
methacrylate monomer, polymethyl methacrylate (PMMA), low
density polyethylene, (LDPE), ethylene vinyl acetate (EVA), para-
xylene, benzene, cumene, and phenol/acetone.
The project also includes expanding the ethane cracker and
building a new aromatics complex and will use additional 30 million
standard cubic feet per day of ethane and approximately 3 million
tons per year of naphtha as feedstock to produce a variety of high
value-added petrochemical products.
The total investment is currently projected to reach approximately
$7 billion and will be brought on stream as it becomes available for
operation, beginning the second half of 2016.
Rabigh Refining and Petrochemical Company (Petro Rabigh),
jointly founded by Sumitomo Chemical Company (Sumitomo
Chemical) and the Saudi Arabian Oil Company (Saudi Aramco),
is operating an integrated refinery and petrochemicals complex
(Rabigh-I) in Rabigh City, Saudi Arabia.
Regarding the Saudi Arabia’s international Petrochemical
investments, SINOPEC/SABIC/ Tianjin Joint venture laid the
foundation stone for $1.7 billion polycarbonate plant at Tianjin City,
China, with a production capacity of 260,000 tons/year. The project
is expected to start production in 2015. This plant is the second phase
of a joint venture project owned by Sinopec and SABIC with 50/50%
