Saudi Arabia Expands Amiral Petrochemical Complex with $11 Billion Investment
Saudi Arabia's Ministry of Investment has signed an agreement to enhance downstream industries associated with the Amiral project in Jubail. This $11 billion initiative aims to create job opportunities, diversify revenues, and support national industrial strategies.
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The Saudi Ministry of Investment and SATORP have formalized an agreement to develop downstream industries tied to the $11 billion Amiral petrochemical complex in Jubail, set to commence operations in 2027. The project will activate approximately $4 billion in additional downstream investments in the Jubail industrial zone, supporting the production of various chemical products and generating around 7,000 local jobs.
The Amiral complex will feature a mixed-feed cracker with a capacity of 1.65 million tonnes of ethylene per year and multiple production lines for polyethylene. As part of its decarbonization efforts, hydrogen generated by the steam cracker will substitute methane at the SATORP refinery. The project achieved Final Investment Decision (FID) in December 2022, with major EPC contracts awarded in June 2023.
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