Saudi Aramco in its statement says that they would want to increase the chemical production in the Gulf to $80 Billion by 2020. Saudi Aramco is targeting to increase from the current chemical industry from $40 billion to $50 billion in per-annum revenue.
The expected revenue is likely to come from Saudi's Wasit gas plant, expected to commission in 2013, UAE's Borouge, tripling capacity to 4.5 million tonnes per annum by the end of 2013, and nine new crackers and downstream plants in the Gulf by 2015.
The expected revenue is likely to come from Saudi's Wasit gas plant, expected to commission in 2013, UAE's Borouge, tripling capacity to 4.5 million tonnes per annum by the end of 2013, and nine new crackers and downstream plants in the Gulf by 2015.
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