Saudi Aramco, TechnipFMC and Axens advance Catalytic Crude to Chemicals technology 30.01.2019
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.
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The innovative CC2C™ technology builds on the success of the proven high-severity fluid catalytic cracking (HS-FCC™) technology.