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Motiva announces technology partnerships for petrochemicals investment in Port Arthur
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Report summary
On April 7th 2018, Motiva Enterprises LLC (a 100% subsidiary of Saudi Aramco) announced agreements worth $8-10 billion to study a world-scale mixed-feed steam cracker and aromatics complex integrated with their existing refinery in Port Arthur, Texas. Also under study is a potential expansion of the Port Arthur refinery, which would make it one of the largest in the world. This inform details our first impressions of the announcement, with background on Motiva, Saudi Aramco, and the commodity markets they are looking at entering in the US.
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