Aramco US refining unit moves into Texas chemicals business

Arab News | August 20, 2019

Motiva Enterprises, the US refining unit of Saudi Aramco, has struck a deal to buy the Flint Hills Resources chemical plant in Texas. The plant is located next to Motiva’s 630,000 barrels-a-day Port Arthur refinery — the largest in the US. The deal represents a significant move downstream by Motiva.
“This marks the entry of Motiva into the chemical industry,” said Patrick Kirby, Wood Mackenzie principal analyst. “It remains unclear as to what Motiva has planned post-acquisition, however some options could include strengthening refinery-chemicals integration, expansion of the asset capacity or potentially longer-term derivative plant development. The company has also expressed plans for further chemical developments at Port Arthur, including a world-scale steam cracker and aromatics facility.”
Saudi Aramco is increasing its global footprint in the petrochemicals business as it seeks to reduce its dependence on crude oil sales by developing new added value revenue streams.

Spotlight

Perhaps our notion of what's dangerous and what's not dangerous and what proper practice should be is distorted from the controversy that surrounded recombinant DNA technology. When it was introduced, procedures which most thoughtful people felt should be really addressed.

Spotlight

Perhaps our notion of what's dangerous and what's not dangerous and what proper practice should be is distorted from the controversy that surrounded recombinant DNA technology. When it was introduced, procedures which most thoughtful people felt should be really addressed.

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CHEMICAL TECHNOLOGY

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BASF | October 28, 2021

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