en.Wedoany.com Reported - Aramco, Honeywell, and King Abdullah University of Science and Technology (KAUST) are jointly scaling up the development of Crude-to-Chemicals (CTC) technology, aiming to maximize crude oil value and reduce the conversion costs of the process.
This new CTC process route can directly convert crude oil into light olefins and other high-demand chemicals, achieving more efficient and cost-competitive large-scale production while improving fuel efficiency, carbon utilization, and process economics.
This collaboration aligns with Saudi Arabia's Vision 2030, helping to drive economic diversification, build local research and technology capabilities, and strengthen the Kingdom's position in the global chemicals market. The partnership combines academic and industrial expertise to accelerate technology development and national capacity building.
Dr. Ali A. Al-Meshari, Senior Vice President of Technology Oversight and Coordination at Aramco, stated that the collaboration with Honeywell UOP and KAUST further advances Aramco's efforts in innovation and shaping the future of the petrochemical industry. By leveraging the latest technologies, the goal is to improve energy efficiency and unlock more value from each barrel of crude oil. This new crude-to-chemicals process supports the company's vision of transitioning toward cleaner, high-performance chemical production. This initiative also reflects Aramco's commitment to creating lasting value for stakeholders, communities, and the environment through the deployment of innovative technologies, thereby contributing to the development of a dynamic ecosystem.
Rajesh Gattupalli, President of Honeywell UOP, added that this agreement marks a defining moment in the strategic collaboration between the company, Aramco, and KAUST, as well as a critical milestone in the global evolution of crude-to-chemicals technology. With Honeywell UOP's deep expertise in catalytic process design and commercial scaling, the company is well-positioned to drive this innovation forward.
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