29-01-2019
Saudi Aramco, TechnipFMC and Axens advance catalytic crude to chemicals technology
Saudi Aramco, through its wholly-owned subsidiary Saudi Aramco Technologies, today signed a Joint Development and Collaboration Agreement (JDCA) with Axens and TechnipFMC to accelerate the development and commercialization of the company’s Catalytic Crude to Chemicals (CC2C™) technology.
CC2C™ technology has the potential to significantly increase the efficiency and yield of chemicals production, converting more than 60% of a barrel of crude oil into chemicals. The agreement aims to achieve commercial readiness for the CC2C™ technology by 2021.
The CC2C™ technology converts crude oil directly to chemicals which will eliminate several energy-intensive processes and create high-value product streams that produce larger quantities of chemicals while generating less emissions.
“This is another milestone in the company’s effort to develop groundbreaking technology that maximizes the value of each barrel of crude oil,” said Amin H. Nasser, Chief Executive Officer of Saudi Aramco. “Oil will become increasingly more important as a feedstock in the production of petrochemicals. Saudi Aramco is leveraging its position as the world’s oil powerhouse to capitalize on the strong growth potential for chemicals globally. Through the strategic partnership with Axens and TechnipFMC, we advance cutting-edge technology to meet the increasing demand for petrochemicals, and support our efforts to build a global chemicals business.”
Jean Sentenac, Axens’s Chairman and CEO, said: “It is an honor and a pleasure to partner with Saudi Aramco and TechnipFMC to develop technology for the future. According to the IEA, an additional 4 Mbpd of crude oil will have to be converted into petrochemicals by 2035 to meet the demand. This is a unique opportunity to create this next generation technology that will be of great interest to the market for converting crude oil into petrochemicals.”
Stan Knez, President, Process Technology at TechnipFMC, said: “TechnipFMC’s solid position in FCC technologies as well as down flow catalytic cracking experience will provide a strong foundation for this joint development. The CC2C™ technology will be an innovative approach for producing a full range of petrochemicals using crude oil as the feedstock. We are pleased to be teaming with Saudi Aramco and Axens in the effort to commercialize this process quickly and expand our technology portfolio.”
The innovative CC2C™ technology builds on the success of the proven high-severity fluid catalytic cracking (HS-FCC™) technology, which Saudi Aramco co-developed with King Fahd University of Petroleum & Minerals (KFUPM) and JXTG Nippon Oil & Energy, to directly convert crude oil to high value chemicals.
Saudi Aramco, Axens, and TechnipFMC are all members of the HS-FCC™ technology Alliance. Axens and TechnipFMC are also the exclusive licensors of HS-FCC™ technology and two of the leading providers of technology and infrastructure for the energy industry.
Sponsor:
News Category:
-
Successful startup of Axens hydrocracking units at Shenghong’s integrated refinery
Axens’ designed 3.2 MMTPA ebullated-bed residue hydrocracking (H-Oil®) unit and 3.5 MMTPA distillates hydrocracking (HyKTM) unit and Naphtha Hydrotreating (NHT) unit ...
15-02-2024
-
Michelin, IFPEN and Axens inaugurate plant producing bio-based butadienel
Today, Michelin, IFPEN and Axens inaugurated the first industrial-scale demonstrator of a plant producing bio-based butadiene in France, at Michelin’s site in Bassens ...
19-01-2024
-
Axens and ZPJE establish Nectis JV
Energy efficiency improvement is a significant contributor to the achievement of the Paris Agreement objectives. Nectis aims at contributing to this effort in promoting ...
30-10-2023
-
Haike Chemicals selects Vegan® technology from Axens
Shandong Haike Chemical Co. Ltd, a Chinese refining and petrochemical company, has selected Axens’ Vegan® technology to produce low carbon, cost competitive sustainable ...
02-08-2023
-
Axens builds on ExxonMobil MTBE Decomposition technology for high purity isobutylene production
ExxonMobil Catalysts and Licensing LLC and Axens have signed an exclusive licensing alliance agreement allowing Axens to include ExxonMobil’s MTBE Decomposition Technology ...
07-06-2023
-
CSV Midstream Solutions selects Axens technologies
Axens has been selected to supply the technologies for the Acid Gas Removal unit (HySWEET™) and the Sulphur Recovery unit (SmartSulf®) of the Albright Sour Gas Processing ...
12-05-2023
-
Axens has acquired stakes in the BioTJet project, the aim of which is to build and operate the largest European Sustainable Aviation Fuel (SAF) production unit using ...
12-04-2023
-
Axens HySWEET™ technology selected for two new Gas treatment plants in Kuwait
Axens is supplying the process design packages for the gas treatment of two Gas Plants located in North Kuwait, which EPC are managed respectively by SPETCO and Jereh. ...
29-03-2023
-
Axens launches Jetanol™ brand for its Alcohol-to-Jet technology
Committed to offer mature and reliable Sustainable Aviation Fuel (SAF) technologies, Axens is pleased to announce the launch of the Jetanol™ brand for its Alcohol-to-Jet ...
23-02-2023
-
Axens and Praj Industries limited sign MoU for Sustainable Aviation Fuel projects in India
Axens and Praj have signed a Memorandum of Understanding (MoU) to work jointly on projects in India for production of Sustainable Aviation Fuel (SAF) from low carbon ...
03-02-2023