Saudi Aramco, CB&I and Chevron Lummus Global Sign Joint Development Agreement to Demonstrate and Commercialize Thermal Crude to Chemicals (TC2C™) Technology
Saudi Aramco, through its wholly-owned subsidiary Saudi Aramco Technologies, has signed a three-party Joint Development Agreement (JDA) with CB&I, and Chevron Lummus Global (CLG), a joint venture between CB&I and Chevron U.S.A. The JDA will serve to scale up and commercialize Saudi Aramco’s Thermal Crude to Chemicals (TC2C™) technology. The TC2C™ technology has been pioneered at Saudi Aramco’s Research & Development Center over the past few years in order to enable higher chemicals yield than previously achievable. The technology also bypasses conventional refining steps by employing a proprietary direct conversion process. Source: Saudi Aramco, 1/18/18.
TCGR Note: This is indeed an important future industry trend as refineries and integrated chemical complexes need to add more value-added chemicals production, because transportation fuels have become more threatened over the next decades due to the increasing adoption of EV’s/hybrids within the automobile industry. Need further information! See TCGR’s “Oil-to-Chemicals: Technological Approaches and Advanced Process Configurations” report completed in December, 2017!