Aramco and Honeywell to Develop Direct Crude-to-Chemicals Tech
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Saudi Aramco has partnered with Honeywell and KAUST to develop a new direct Crude-to-Chemicals (CTC) technology aimed at reducing costs and enhancing efficiency in petrochemical production. This collaboration seeks to convert crude oil into valuable chemicals, improving fuel efficiency and carbon utilization. The initiative aligns with Aramco's strategy to strengthen its petrochemical capabilities and diversify crude oil usage, particularly as demand for transportation fuels stabilizes. This follows previous agreements with Sinopec and other Chinese firms to expand petrochemical ventures in Saudi Arabia and China.
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