Name of Client : Aramco, TotalEnergies
Estimated Budget : $625,000,000
Revised Budget : $600,000,000
Facility Type : Offsites & Utilities
Sector : Petrochemicals, Industrial
Main Contractor : Hyundai Engineering & Construction
Location : Jubail, Saudi Arabia
Award Date : 2023-Q2
Background
Aramco and Total plan to build a petrochemical complex in Jubail, Saudi Arabia which would supply more than $4 billion of downstream derivatives and specialty chemicals. The new complex will be integrated with SATORP Refinery. The two giants plan to produce
1.5 metric tonnes annually (mta) of ethylene. Other high-value chemicals are in consideration to reach an overall output of 2.7 mta. The Amiral derivatives complex will also host other chemicals plants that will draw on feedstock from the proposed SATORP petrochemicals project to produce a variety of specialty chemicals and other downstream derivative products. This world-class complex also fits with the strategy to expand in petrochemicals by maximising the synergies within major platforms, leveraging low-cost feedstocks and taking advantage of the fast-growing Asian polymer market.
Project Scope
The project scope involves the construction of the following systems: utilities, interconnection, flare, and ethylene storage tanks.
Project Status
As of May 2025, material receiving inspection on Metscco Heavy Steel's shell steel plates is being conducted.
Project Finance
The project client is SATORP, a downstream joint venture of Aramco and Total.
Saudi Aramco has selected Sumitomo Mitsui Bank Group and Riyad Bank to advise on the financing of the Amiral Complex. In 2021, Total has been rebranded to TotalEnergies.
In 2021, TechnipFMC has completed its spin-off transaction to create two industry leading, independent, publicly traded companies, TechnipFMC and Technip Energies. Technip Energies will continue to its work on the Amiral project.
Aramco and TotalEnergies are investing $11 billion on the Amiral Petrochemical Complex.
The Export-Import Bank of Korea (Eximbank) will provide $1 billion of project financing to support the construction of Package 4.
Project Schedules
Project Announced : 3Q-2017
Feasibility Study : 3Q-2017
Pre-FEED : 4Q-2018
FEED : 4Q-2018
PMC : 4Q-2018
EPC ITB : 3Q-2022
EP : 2Q-2023
Construction : 2Q-2023
Completion : 4Q-2025
