Collaboration is key to unlocking regional petrochemicals diversification potential

20-Nov-15
Saudi Aramco showcases its integrated downstream technology strategy and portfolio at the 10th annual Gulf Petrochemicals & Chemicals Association (GPCA) forum. Warren Wilder, VP Chemicals, Saudi Aramco said: “GPCA is a great focal point for our regional industry. In challenging economic times, our industry must work even harder to unlock its growth potential. Across the region and beyond, we now need to embed the collaboration and partnerships necessary for diversification into high-value manufacturing sectors that will sow the seeds of our long-term success.” With a global refining capacity of 5.4million bpd, Saudi Aramco has diversified its portfolio to become an efficient, integrated global energy and chemicals company operating across the entire petroleum and chemicals value-chain. Saudi Aramco’s global footprint in chemicals is well established, having adopted an international partnership and joint venture approach to help build a portfolio that encompasses crude supply, refining, petrochemicals and lubes, right through to closely-linked marketing and distribution channels, backed by world-class technology and innovation. In addition, Saudi Aramco’s downstream strategy is about the conversion of petrochemical commodities and consequently spurring growth in new industries to contribute to Saudi Arabia’s economic diversification and competitiveness. Localization of Saudi Arabia’s energy sector will enhance the Kingdom’s overall competitiveness, helping accelerate industrial growth across many industry sectors and creating thousands of new high-skill, high-value manufacturing jobs for the Kingdom’s growing population.
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Large capacity chemical storage tanks

Large capacity chemical storage tanks