Aramco signs a MoU with Shandong Energy

The Saudi Arabian Oil Company (Aramco) and Shandong Energy Group are exploring collaboration on integrated refining and petrochemical opportunities in China. The companies have signed a Memorandum of Understanding (MoU) which includes a potential crude oil supply agreement and chemicals products offtake agreement, supporting Aramco’s role in building a thriving downstream sector in Shandong Province.

The scope of the MoU extends to cooperation across technologies related to hydrogen, renewables and carbon capture and storage.

The announcement strengthens Aramco’s efforts to support demand for energy, petrochemicals and non-metallics in China as the company seeks to expand its liquids to chemicals capacity to up to 4 million barrels per day by 2030.

Previous articleCompact technology: Graham Heliflow heat exchanger
Next articleNuScale and Shell assess IES from NuScale VOYGR™
Heat Exchanger World is a leading international magazine covering all aspects of the product supply chain of heat exchangers. Heat Exchanger World is part of the KCI Group of Companies. We are a leading knowledge, communication and information company connecting business-to-business professionals by building and sustaining global communities, solving their information needs and helping them to develop their professional life and friendships.