Rabigh Refining & Petrochemical – Company (Petro Rabigh) was founded in 2005 as a joint venture between Saudi Aramco and Sumitomo Chemical. The plant is valued at about US $10 billion (25% funded by the public and the remainder equally funded by Saudi Aramco and Sumitomo Chemical) and originally produced 18.4 million tons per annum (mtpa) of petroleum-based products and 2.4 mtpa of ethylene and propylene-based derivatives. Petro Rabigh utilized 400,000 barrels per day of crude oil and 1.2 million tons per year of ethane as primary feedstock to produce a variety of refined petroleum products and petrochemical products. The refinery transferred from Saudi Aramco to Petro Rabigh was upgraded to include a high olefin fluid catalytic cracking unit (HOFCC) for converting heavy and light oils to gasoline and other distillates, and propylene, a feedstock for petrochemical products.
Petro Rabigh produces refined products which include gasoline with production at 59 MBD and fuel oil production at 89MBD of 380 CST. Fuel Oil is used as a marine bunkering and used in the power generation plants and industrial boilers.
Petro Rabigh products are used in such end products as plastics, detergents, lubricants, resins, coolants, anti- freeze, paint, carpets, rope, clothing, shampoo, auto interiors, epoxy glue, insulation, film, fibers, household appliances, packaging, candles, pipes and many other applications.
Petro Rabigh II is an expansion project valued at US $9 billion that reached full production by 4th Quarter 2017 and provided a wide range of new high value-added products, some of which are exclusive to the Kingdom of Saudi Arabia and the Middle East.