CINXE.COM

<!DOCTYPE html> <html data-wf-site="57755581db2e3be047421d94" data-wf-page="57755581db2e3be047421dde" class="w-mod-js w-mod-no-touch w-mod-video w-mod-no-ios wf-sourcesanspro-n2-active wf-sourcesanspro-i2-active wf-sourcesanspro-n3-active wf-sourcesanspro-i3-active wf-sourcesanspro-n4-active wf-sourcesanspro-i4-active wf-sourcesanspro-n6-active wf-sourcesanspro-i6-active wf-sourcesanspro-n7-active wf-sourcesanspro-n9-active wf-active">  <head><script type="text/javascript" src="/_static/js/bundle-playback.js?v=HxkREWBo" charset="utf-8"></script> <script type="text/javascript" src="/_static/js/wombat.js?v=txqj7nKC" charset="utf-8"></script> <script>window.RufflePlayer=window.RufflePlayer||{};window.RufflePlayer.config={"autoplay":"on","unmuteOverlay":"hidden"};</script> <script type="text/javascript" src="/_static/js/ruffle/ruffle.js"></script> <script type="text/javascript"> __wm.init("https://web.archive.org/web"); __wm.wombat("http://news.ihsmarkit.com:80/press-release/new-exxonmobil-and-saudi-aramco-technologies-produce-ethylene-directly-crude-oil-cutti","20170716061756","https://web.archive.org/","web","/_static/", "1500185876"); </script> <link rel="stylesheet" type="text/css" href="/_static/css/banner-styles.css?v=S1zqJCYt" /> <link rel="stylesheet" type="text/css" href="/_static/css/iconochive.css?v=3PDvdIFv" />  <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/> <meta http-equiv="Content-Type" content="text/html; charset=UTF-8"> <meta name="viewport" content="user-scalable=yes, width=device-width, height=device-height, initial-scale=1.0"/> <title>New ExxonMobil and Saudi Aramco Technologies Produce Ethylene Directly from Crude Oil, Cutting Refining Costs, IHS Says | IHS Online Newsroom</title> <link rel="apple-touch-icon" href="/web/20170716061756im_/http://news.ihsmarkit.com/sites/all/themes/custom/hq_base/images/touch-icon-default.png"> <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/> <script type="text/javascript"> /* <![CDATA[ */ if(top.frames.length > 0) { try { var domain = top.document.domain; } catch (e) { top.location.href=self.location; } } /* ]]> */ </script> <meta property="og:type" content="website"><meta property="og:url" content="https://web.archive.org/web/20170716061756/http://news.ihsmarkit.com/press-release/new-exxonmobil-and-saudi-aramco-technologies-produce-ethylene-directly-crude-oil-cutti"><meta property="og:image" content="https://web.archive.org/web/20170716061756im_/http://news.ihsmarkit.com/sites/ihs.newshq.businesswire.com/files/imagecache/listview_thumb/IHS-logo-1in_0.png"> <meta property="og:type" content="website"><meta property="og:url" content="https://web.archive.org/web/20170716061756/http://news.ihsmarkit.com/press-release/new-exxonmobil-and-saudi-aramco-technologies-produce-ethylene-directly-crude-oil-cutti"><meta property="og:image" content="https://web.archive.org/web/20170716061756im_/http://news.ihsmarkit.com/sites/ihs.newshq.businesswire.com/files/imagecache/listview_thumb/Melissa_Manning-400x400_1.jpg"> <link rel="shortcut icon" href="https://web.archive.org/web/20170716061756im_/http://news.ihsmarkit.com/sites/ihs.newshq.businesswire.com/files/ihs_newshq_businesswire_com_theme_favicon_2.ico" type="image/x-icon"/> <meta name="description" content="HOUSTON (July 6, 2016) – Two new steam-cracking processes developed by ExxonMobil and Saudi Aramco, respectively, allow petrochemical producers to essentially skip the refining process in converting crude oil directly to light olefins."/> <meta name="abstract" content="IHS - The Global Source for Critical Information and Insight. The IHS Newsroom is designed for journalists and media professionals."/> <meta name="keywords" content="IHS,information,analytics,expert,experts,insight,analysis,news,newsroom,news center,media,media center,press,news room,Anthony Pavone,Country & Industry Forecasting Media,IHS Chemical Process Economics Report:Steam Cracking of Crude Oil"/> <link rel="canonical" href="https://web.archive.org/web/20170716061756/http://news.ihsmarkit.com/press-release/new-exxonmobil-and-saudi-aramco-technologies-produce-ethylene-directly-crude-oil-cutti"/> <meta name="revisit-after" content="1 day"/>  <script src="//web.archive.org/web/20170716061756js_/http://assets.adobedtm.com/c9f3c3287b32f924b428e73aea2bd2ceacea94a9/satelliteLib-4dd429b20649286080681ebca84951325b8aea4a.js"></script>   <link rel="stylesheet" type="text/css" href="/web/20170716061756cs_/http://news.ihsmarkit.com/sites/ihs.newshq.businesswire.com/themes/ihs_newshq_businesswire_com_theme/client_files/css/normalize.css"> <link rel="stylesheet" type="text/css" href="/web/20170716061756cs_/http://news.ihsmarkit.com/sites/ihs.newshq.businesswire.com/themes/ihs_newshq_businesswire_com_theme/client_files/css/webflow.css"> <link rel="stylesheet" type="text/css" href="/web/20170716061756cs_/http://news.ihsmarkit.com/sites/ihs.newshq.businesswire.com/themes/ihs_newshq_businesswire_com_theme/client_files/css/ihs-markit-v03.webflow.css"> <link rel="stylesheet" href="/web/20170716061756cs_/http://news.ihsmarkit.com/sites/ihs.newshq.businesswire.com/themes/ihs_newshq_businesswire_com_theme/client_files/font-awesome-4.6.3/css/font-awesome.min.css"> <link rel="stylesheet" type="text/css" href="/web/20170716061756cs_/http://news.ihsmarkit.com/sites/ihs.newshq.businesswire.com/themes/ihs_newshq_businesswire_com_theme/client_files/css/new-updated.css"> <script src="/web/20170716061756js_/http://news.ihsmarkit.com/sites/ihs.newshq.businesswire.com/themes/ihs_newshq_businesswire_com_theme/client_files/js/webfont.js"></script> <link rel="stylesheet" href="/web/20170716061756cs_/http://news.ihsmarkit.com/sites/ihs.newshq.businesswire.com/themes/ihs_newshq_businesswire_com_theme/client_files/css/unslider.css"> <link rel="stylesheet" href="/web/20170716061756cs_/http://news.ihsmarkit.com/sites/ihs.newshq.businesswire.com/themes/ihs_newshq_businesswire_com_theme/client_files/css/unslider-dots.css"> <link rel="stylesheet" href="/web/20170716061756cs_/http://news.ihsmarkit.com/sites/ihs.newshq.businesswire.com/themes/ihs_newshq_businesswire_com_theme/overrides.css"> <script> WebFont.load({ google: { families: ["Source Sans Pro:200,200italic,300,300italic,regular,italic,600,600italic,700,900"] } }); </script> <script type="text/javascript" src="/web/20170716061756js_/http://news.ihsmarkit.com/sites/ihs.newshq.businesswire.com/themes/ihs_newshq_businesswire_com_theme/client_files/js/modernizr.js"></script> <style type="text/css"> ::-moz-selection { /* Code for Firefox */ color: white; background: #00b140; } ::selection { color: white; background: #00b140; } </style> <script type="text/javascript"> </script> <script src="/web/20170716061756js_/http://news.ihsmarkit.com/sites/ihs.newshq.businesswire.com/themes/ihs_newshq_businesswire_com_theme/client_files/js/jquery.min.js"></script> <script src="/web/20170716061756js_/http://news.ihsmarkit.com/sites/ihs.newshq.businesswire.com/themes/ihs_newshq_businesswire_com_theme/client_files/js/webflow.js"></script> <script type="text/javascript">var ihsjq = jQuery.noConflict( true );</script> <script src="/web/20170716061756js_/http://news.ihsmarkit.com/sites/ihs.newshq.businesswire.com/themes/ihs_newshq_businesswire_com_theme/client_files/js/script.js"></script> <link type="text/css" rel="stylesheet" media="all" href="/web/20170716061756cs_/http://news.ihsmarkit.com/sites/all/modules/contrib/date/date.css?u"/> <link type="text/css" rel="stylesheet" media="all" href="/web/20170716061756cs_/http://news.ihsmarkit.com/sites/all/modules/contrib/date/date_popup/themes/datepicker.css?u"/> <link type="text/css" rel="stylesheet" media="all" href="/web/20170716061756cs_/http://news.ihsmarkit.com/sites/all/modules/contrib/google_analytics_reports/google_analytics_reports/google_analytics_reports.css?u"/> <link type="text/css" rel="stylesheet" media="all" href="/web/20170716061756cs_/http://news.ihsmarkit.com/sites/all/modules/contrib/lightbox2/css/lightbox_alt.css?u"/> <link type="text/css" rel="stylesheet" media="all" href="/web/20170716061756cs_/http://news.ihsmarkit.com/sites/all/modules/contrib/calendar/calendar.css?u"/> <link type="text/css" rel="stylesheet" media="all" href="/web/20170716061756cs_/http://news.ihsmarkit.com/sites/all/modules/custom/bw_pull_quotes/bw-pull-quotes.css?u"/> <link type="text/css" rel="stylesheet" media="all" href="/web/20170716061756cs_/http://news.ihsmarkit.com/sites/all/modules/bw_features/bw_press_releases/css/bw_press_releases.css?u"/> <link type="text/css" rel="stylesheet" media="all" href="/web/20170716061756cs_/http://news.ihsmarkit.com/sites/all/themes/custom/hq_base_fluid/style.css?u"/> <link type="text/css" rel="stylesheet" media="all" href="/web/20170716061756cs_/http://news.ihsmarkit.com/sites/all/themes/custom/hq_base_fluid/defaults.css?u"/> <link type="text/css" rel="stylesheet" media="all" href="/web/20170716061756cs_/http://news.ihsmarkit.com/sites/all/themes/custom/hq_base_fluid/system.css?u"/> <link type="text/css" rel="stylesheet" media="all" href="/web/20170716061756cs_/http://news.ihsmarkit.com/sites/all/themes/custom/hq_base_fluid/reset.css?u"/> <link type="text/css" rel="stylesheet" media="all" href="/web/20170716061756cs_/http://news.ihsmarkit.com/sites/all/themes/custom/hq_base_fluid/hq-base.css?u"/> <link type="text/css" rel="stylesheet" media="all" href="/web/20170716061756cs_/http://news.ihsmarkit.com/sites/all/themes/custom/hq_base_fluid/hq-fluid.css?u"/> <link type="text/css" rel="stylesheet" media="all" href="/web/20170716061756cs_/http://news.ihsmarkit.com/sites/ihs.newshq.businesswire.com/themes/ihs_newshq_businesswire_com_theme/ihs_style.css?u"/> <script type="text/javascript" src="/web/20170716061756js_/http://news.ihsmarkit.com/misc/jquery.js?u"></script> <script type="text/javascript" src="/web/20170716061756js_/http://news.ihsmarkit.com/misc/drupal.js?u"></script> <script type="text/javascript" src="/web/20170716061756js_/http://news.ihsmarkit.com/sites/all/modules/custom/bw_jquery110/bw-jquery110.js?u"></script> <script type="text/javascript" src="/web/20170716061756js_/http://news.ihsmarkit.com/sites/all/modules/contrib/lightbox2/js/lightbox_video.js?u"></script> <script type="text/javascript" src="/web/20170716061756js_/http://news.ihsmarkit.com/sites/all/modules/contrib/lightbox2/js/lightbox.js?u"></script> <script type="text/javascript" src="/web/20170716061756js_/http://news.ihsmarkit.com/sites/all/modules/contrib/nice_menus/superfish/js/superfish.js?u"></script> <script type="text/javascript" src="/web/20170716061756js_/http://news.ihsmarkit.com/sites/all/modules/contrib/nice_menus/superfish/js/jquery.bgiframe.min.js?u"></script> <script type="text/javascript" src="/web/20170716061756js_/http://news.ihsmarkit.com/sites/all/modules/contrib/nice_menus/superfish/js/jquery.hoverIntent.minified.js?u"></script> <script type="text/javascript" src="/web/20170716061756js_/http://news.ihsmarkit.com/sites/all/modules/contrib/nice_menus/nice_menus.js?u"></script> <script type="text/javascript" src="/web/20170716061756js_/http://news.ihsmarkit.com/sites/all/modules/contrib/panels/js/panels.js?u"></script> <script type="text/javascript" src="/web/20170716061756js_/http://news.ihsmarkit.com/sites/all/modules/custom/bw_client_site_configuration/bw_client_site_configuration.js?u"></script> <script type="text/javascript" src="/web/20170716061756js_/http://news.ihsmarkit.com/sites/all/modules/bw_features/bw_press_releases/js/bw_press_releases.js?u"></script> <script type="text/javascript" src="/web/20170716061756js_/http://news.ihsmarkit.com/sites/all/modules/custom/bw_googleanalytics_universal/bw_googleanalytics_universal.js?u"></script> <script type="text/javascript" src="/web/20170716061756js_/http://news.ihsmarkit.com/sites/all/themes/custom/hq_base_fluid/user-links-dropdown-ie6.js?u"></script> <script type="text/javascript" src="/web/20170716061756js_/http://news.ihsmarkit.com/sites/all/themes/custom/hq_base_fluid/button-hide.js?u"></script> <script type="text/javascript" src="/web/20170716061756js_/http://news.ihsmarkit.com/sites/all/themes/custom/hq_base_fluid/js/collapsible-pane.js?u"></script> <script type="text/javascript" src="/web/20170716061756js_/http://news.ihsmarkit.com/sites/ihs.newshq.businesswire.com/themes/ihs_newshq_businesswire_com_theme/ihs_js.js?u"></script> <script type="text/javascript"> <![CDATA[//><!]]> </script> <script type="text/javascript"> <![CDATA[//><!]]> </script>         </head> <body class="not-front not-logged-in page-node node-type-press-release no-sidebars i18n-en">  <div id="bw-wrap">  <div class="navbar w-nav" data-animation="default" data-collapse="medium" data-duration="400"> <a class="nav-logo w-nav-brand" href="https://web.archive.org/web/20170716061756/https://ihsmarkit.com/index.html"> <img src="/web/20170716061756im_/http://news.ihsmarkit.com/sites/ihs.newshq.businesswire.com/themes/ihs_newshq_businesswire_com_theme/client_files/images/IHS-Markit-logo.svg" width="348"> </a> <nav class="nav-menu w-nav-menu" role="navigation"> <a class="navlink w-nav-link" href="https://web.archive.org/web/20170716061756/https://ihsmarkit.com/about-us.html">About Us</a><a class="navlink w-nav-link" href="https://web.archive.org/web/20170716061756/https://ihsmarkit.com/products.html">Products</a><a class="navlink w-nav-link" href="https://web.archive.org/web/20170716061756/http://investor.ihsmarkit.com/">Investor Relations</a><a class="navlink w-nav-link w--current" href="https://web.archive.org/web/20170716061756/https://ihsmarkit.com/newsroom.html">Newsroom</a><a class="navlink w-nav-link" href="https://web.archive.org/web/20170716061756/https://ihsmarkit.com/contact-us.html">Contact Us</a> </nav> <div class="menu-button w-nav-button"> <div class="w-icon-nav-menu"></div> </div> <div class="w-nav-overlay" data-wf-ignore=""></div> </div>  <div class="subpagehero newsroom w-section"> <div class="w-container"> <div class="herolabel"> <div>Newsroom</div> <div class="rule"></div> </div> </div> </div>  <div class="page-title-banner-holder"> <div class="page-title-banner"> <h1 class="">New ExxonMobil and Saudi Aramco Technologies Produce Ethylene Directly from Crude Oil, Cutting Refining Costs, IHS Says</h1> </div> </div>  <div class="subpagecontent w-section"> <div class="w-container max"> <div class="contentwrapper main-content"> <div class="w-row"> <div class="w-col w-col-2 left-menu second-nav-mob"> <div class="left-nav second-nav-mob"> <div class="mobile-left-menu desktop-hidden">Newsroom <div class="w-icon-nav-menu"></div></div> <div class="mobile-left-menu search desktop-hidden">Search</div>  <ul class="bw-links" id="bw-primary-links"><li class="menu-1925 first"><a href="/web/20170716061756/http://news.ihsmarkit.com/" title="">Overview</a></li> <li class="menu-1927 active-trail"><a href="/web/20170716061756/http://news.ihsmarkit.com/news-releases">News Releases</a></li> <li class="menu-55850"><a href="/web/20170716061756/http://news.ihsmarkit.com/landing-page/multimedia" title="Multimedia">Multimedia</a></li> <li class="menu-3765"><a href="/web/20170716061756/http://news.ihsmarkit.com/industry-analysts">Industry Experts</a></li> <li class="menu-1926"><a href="/web/20170716061756/http://news.ihsmarkit.com/media_contacts">Media Contacts</a></li> <li class="menu-2000"><a href="/web/20170716061756/http://news.ihsmarkit.com/broadcast_studios">Broadcast Studios</a></li> <li class="menu-53289"><a href="/web/20170716061756/http://news.ihsmarkit.com/corporate-assets">Corporate Assets</a></li> <li class="menu-52740"><a href="/web/20170716061756/http://news.ihsmarkit.com/user/register?destination=alerts">Register for Email Alerts</a></li> <li class="menu-52835 last"><a href="https://web.archive.org/web/20170716061756/https://twitter.com/IHS_News" target="_blank">Follow @IHS_News</a></li> </ul>   <div class="desk-search">  <a href="/web/20170716061756/http://news.ihsmarkit.com/advsearch" title="Advanced Search">Advanced Search</a> </div> </div> <div class="left-column"> <div id="block-block-5" class="block block-block"> <div class="content"> <p><a href="https://web.archive.org/web/20170716061756/https://ihs.newshq.businesswire.com/custom/ihs-ceraweek-2017"><span>CERAWeek 2017</span></a></p> </div> </div> <div id="block-panels_mini-user_links" class="block block-panels_mini"> <div class="content"> <div id="bw-onecolumn" class="hq-fluid mini-panel-user_links"> <div class="hq-row"> <div class="hq-cols-1"> <div class="hq-inner"> <div class="panel-pane pane-user-links"> <div class="pane-content"> <div class="item-list"><ul class="bw-user-links-list"><li class="first"><span class="bw-user-links-registration"><a href="/web/20170716061756/http://news.ihsmarkit.com/user/register" class="bw-user-links-registration">Registration</a></span></li> <li><span class="bw-user-links-login"><a href="/web/20170716061756/http://news.ihsmarkit.com/user/login" class="bw-user-links-login">Login</a></span></li> <li><span class="bw-user-links-media"><a href="/web/20170716061756/http://news.ihsmarkit.com/user/register" class="bw-user-links-media">Media Requests</a></span></li> <li><span class="bw-user-links-alerts"><a href="/web/20170716061756/http://news.ihsmarkit.com/alerts" class="bw-user-links-alerts">Email Alerts</a></span></li> <li class="last"><span class="bw-user-links-rss"><a href="/web/20170716061756/http://news.ihsmarkit.com/rss" class="bw-user-links-rss">RSS Feeds</a></span></li> </ul></div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div>   <div class="w-col w-col-9 prefix "> <h1> <h1 class="content-heading ">New ExxonMobil and Saudi Aramco Technologies Produce Ethylene Directly from Crude Oil, Cutting Refining Costs, IHS Says</h1> </h1> <div class="w-row">  <div id="bw-user-nav"><div class="item-list"><ul class="bw-user-links menu expanded"><li class="first last"><a href="/web/20170716061756/http://news.ihsmarkit.com/user/login" class="bw-user-nav-login">Login</a></li> </ul></div></div>  <div id="bw-panel-with-right-sidebar" class="hq-fluid"> <div class="hq-row"> <div class="hq-cols-1"> <div class="hq-inner"> <div class="panel-pane pane-content-field pane-field-press-release-subheadline"> <div class="pane-content"> <div class="field field-type-text field-field-press-release-subheadline field-fieldpressreleasesubheadline"> <div class="field-items"> <div class="field-item odd"> <p><em>IHS review is first bottom-up feasibility analysis and economic assessment of these new commercial processes</em></p> </div> </div> </div> </div> </div> <div class="panel-region-separator"></div><div class="panel-pane pane-node-terms"> <h2 class="pane-title"> Category: </h2> <div class="pane-content"> <a href="/web/20170716061756/http://news.ihsmarkit.com/category/universal-categories/country-industry-forecasting-media">Country & Industry Forecasting Media</a> </div> </div> <div class="panel-region-separator"></div><div class="panel-pane pane-node-date"> <div class="pane-content"> Wednesday, July 6, 2016 6:00 am EDT </div> </div> <div class="panel-region-separator"></div><div class="panel-pane pane-content-field pane-field-press-release-city"> <h2 class="pane-title"> Dateline: </h2> <div class="pane-content"> <div class="field field-type-text field-field-press-release-city field-fieldpressreleasecity"> <div class="field-items"> <div class="field-item odd"> HOUSTON </div> </div> </div> </div> </div> <div class="panel-region-separator"></div><div class="panel-pane pane-tool-bar"> <div class="pane-content"> <script type="text/javascript">var switchTo5x=true;</script><script type="text/javascript" src="https://web.archive.org/web/20170716061756js_/http://w.sharethis.com/button/buttons.js"></script><script type="text/javascript">stLight.options({publisher: "2c7fcc33-0268-4720-ad3d-2a0febea02c1", doNotHash: true, doNotCopy: false, hashAddressBar: false, onhover: false});</script><script type="text/javascript">stLight.options({publisherGA:"UA-9047778-11"});</script><div class="bw-toolbar"><a href="/web/20170716061756/http://news.ihsmarkit.com/printmail/21381" rel="nofollow" class="print-mail print_mail" title="Send this page by email">Email</a><a href="/web/20170716061756/http://news.ihsmarkit.com/printpdf/21381" rel="nofollow" class="print-pdf print_pdf" title="Create a PDF version of this page">PDF</a><a href="/web/20170716061756/http://news.ihsmarkit.com/print/node/21381" rel="nofollow" class="print-page print_html" title="Display a printer-friendly version of this page">Print</a><a href="/web/20170716061756/http://news.ihsmarkit.com/feeds/press_release/all/rss.xml" rel="nofollow" class="toolbar-rss" title="View RSS feed for this content">RSS</a><span title="Share this page with social media"><span class="st_sharethis_large" displaytext="ShareThis"></span></span></div> </div> </div> <div class="panel-region-separator"></div><div class="panel-pane pane-block pane-bw-pull-quotes-0"> <div class="pane-content"> <span class="bw-pull-quote"> "As you might expect for Singapore, this process requires the local availability of light, sweet crude."</span> </div> </div> <div class="panel-region-separator"></div><div class="panel-pane pane-pr-body"> <div class="pane-content"> <p><strong><span style="font-size: medium;">HOUSTON</span></strong><span style="font-family: Arial; font-size: medium;"> (July 6, 2016) – Two new steam-cracking processes developed by ExxonMobil and Saudi Aramco, respectively, allow petrochemical producers to essentially skip the refining process in converting crude oil directly to light olefins. These new processes could potentially save refiners as much as $200-per-ton of ethylene produced, according to a comprehensive engineering analysis conducted by IHS (NYSE: IHS), the leading global source of critical information and insight. </span></p><p><span style="font-family: Arial; font-size: medium;">“In 2014, ExxonMobil commissioned a world-scale facility in Singapore that produces 1 million tons per year of ethylene directly from crude oil,” said Anthony Pavone, director of engineering at IHS Chemical, and one of the authors of the </span><a href="https://web.archive.org/web/20170716061756/https://www.ihs.com/Info/0416/pep-crude-oil.html?utm_campaign=PC8469-1_LT_DG_CHEM_GLOBAL_PEPCrudeOil2Don&utm_medium=email&utm_source=Eloqua&elqTrackId=3CA190AF957E360D2288AD8C2157E54E&elq=72fe9d077be94539b1154fb720cad923&elqaid=31102&elqat=1&elqCampaignId"><i><span style="color: rgb(0, 0, 255); font-family: Arial; font-size: medium;">IHS Chemical Process Economics Report; Steam Cracking of Crude Oil</span></i></a><span style="font-family: Arial; font-size: medium;">. “We at IHS Chemical believe this process nets ExxonMobil about $100 to $200 per metric ton above traditional naphtha cracking.”</span></p><p><span style="font-family: Arial; font-size: medium;">“This new crude-to-olefins process is about production cost savings, and takes advantage of the premium that naphtha commands over crude oil in Southeast Asia. It is this ‘feedstock spread’ that contributes most of the cost-savings advantage,” Pavone said.</span></p><p><span style="font-family: Arial; font-size: medium;">The ExxonMobil process completely bypasses the traditional naphtha cracking process. Saudi Aramco has its own process for crude oil to olefins, and in June 2016, Aramco announced a joint venture with SABIC to study building a ‘crude oil-to-chemicals’ complex in Saudi Arabia. Though the exact process configuration for the potential joint-venture was not disclosed, it is possible this complex will employ the Aramco process, at least in part.</span></p><p><span style="font-family: Arial; font-size: medium;">According to the IHS report, the ExxonMobil process completely bypasses the refinery and feeds crude oil to the cracking furnaces. These have each been modified to include a flash pot between the convective and radiant sections of the furnaces. Next, the crude oil is pre-heated and then flashed, IHS said, essentially ‘topping’ the lighter components from the crude. </span></p><p><span style="font-family: Arial; font-size: medium;">This extracted vapor, the IHS report said, is then fed back into the furnace’s radiant coils and cracked in the usual fashion. The heavier liquid that collects at the bottom of the flash pot is either transferred to the adjacent ExxonMobil refinery, or sold into the merchant market. </span></p><p><span style="font-family: Arial; font-size: medium;">“This analysis was conducted at a $50 per barrel cost for crude oil,” Pavone said. “As you might expect for Singapore, this process requires the local availability of light, sweet crude.”</span></p><p><span style="font-family: Arial; font-size: medium;">The Aramco process, IHS said, works along an entirely different concept from that of the ExxonMobil crude-to-olefins process. As of yet, IHS cautioned, the Aramco process is still only a proposed project; no facility actually has been built to test the process. </span></p><p><span style="font-family: Arial; font-size: medium;">The IHS report said the Aramco process begins by feeding the whole barrel of crude to a hydrocracking unit, which removes sulfur and shifts the boiling point curve significantly toward lighter compounds. The gas-oil and lighter products are sent to a traditional steam cracker, while the heavier products are sent to a proprietary, Aramco-developed deep-fluid catalytic cracking unit (FCC) that maximizes olefin output.</span></p><p><span style="font-family: Arial; font-size: medium;">“We at IHS Chemical estimate the cash-cost for this Aramco crude-to-olefins process would be $200-per-ton cheaper than for a naphtha cracker,” Pavone said. “The hydrocracker and deep-fluid catalytic cracker add significant capital costs, though, so at 15 percent pre-tax return on investment (ROI), we estimate the Aramco process would pencil in at roughly equivalent costs to naphtha cracking in Saudi Arabia.” </span></p><p><span style="font-family: Arial; font-size: medium;">The IHS report is based upon a “bottoms-up” Class-3 process design and proprietary steam cracking kinetic reaction software simulation of both the ExxonMobil and Saudi Aramco crude-to-olefins processes. “To the best of our knowledge,” Pavone said, “our IHS Chemical analysis is the first in-depth independent analysis of these new crude-to-olefins technologies.”</span></p><p><span style="font-family: Arial; font-size: medium;">To speak with Anthony Pavone, please contact Melissa Manning at </span><a href="https://web.archive.org/web/20170716061756/mailto:melissa.manning@ihs.com"><span style="color: rgb(0, 0, 255); font-family: Arial; font-size: medium;">melissa.manning@ihs.com</span></a><span style="font-family: Arial; font-size: medium;">. For more information on the </span><a href="https://web.archive.org/web/20170716061756/https://www.ihs.com/Info/0416/pep-crude-oil.html?utm_campaign=PC8469-1_LT_DG_CHEM_GLOBAL_PEPCrudeOil2Don&utm_medium=email&utm_source=Eloqua&elqTrackId=3CA190AF957E360D2288AD8C2157E54E&elq=72fe9d077be94539b1154fb720cad923&elqaid=31102&elqat=1&elqCampaignId"><i><span style="color: rgb(0, 0, 255); font-family: Arial; font-size: medium;">IHS Chemical Process Economics Report; Steam Cracking of Crude Oil</span></i></a><span style="font-family: Arial;"><span style="font-size: medium;"> report, </span><span style="font-size: medium;">please contact </span></span><a href="https://web.archive.org/web/20170716061756/mailto:Nisha.keskar@ihs.com"><span style="color: rgb(0, 0, 255); font-family: Arial; font-size: medium;">Nisha.keskar@ihs.com</span></a><span style="font-family: Arial; font-size: medium;">.</span></p><p align="center"><span style="font-family: Arial;">####</span></p><p><span style="font-size: medium;"><strong><span style="text-decoration: underline;">About IHS</span></strong><span style="font-family: Arial;"><b> </b>(</span></span><a href="https://web.archive.org/web/20170716061756/http://www.ihs.com/"><span style="color: rgb(0, 0, 255); font-family: Arial; font-size: medium;">www.ihs.com</span></a><span style="font-family: Arial; font-size: medium;">)</span></p><p><span style="font-family: Arial;"><span style="font-size: medium;">IHS (NYSE: IHS) is the leading source of insight, analytics and expertise in critical areas that shape today’s business landscape. Businesses and governments in more than 140 countries around the globe rely on the comprehensive content, expert independent analysis and flexible delivery methods of IHS to make high-impact decisions and develop strategies with speed and confidence. IHS has been in business since 1959, and became a publicly traded company on the New York Stock Exchange in 2005. Headquartered in Englewood, Colorado, USA, IHS is committed to sustainable, profitable growth and</span><span style="font-size: medium;"> employs nearly 9,000 people in 33 countries around the world.</span></span></p><p><em>IHS is a registered trademark of IHS Inc. All other company and product names may be trademarks of their respective owners. © 2016 IHS Inc. All rights reserved.</em></p><p><span style="font-family: Arial;">“If you prefer not to receive email messages from IHS, please email (</span><a href="https://web.archive.org/web/20170716061756/mailto:melissa.manning@ihs.com"><span style="color: rgb(0, 0, 255); font-family: Arial;">melissa.manning@ihs.com</span></a><span style="font-family: Arial;">). To read our privacy policy, </span><a href="https://web.archive.org/web/20170716061756/http://www.ihs.com/privacy-policy.aspx"><span style="color: rgb(0, 0, 255); font-family: Arial;">click here</span></a><span style="font-family: Arial;">.”</span></p> </div> </div> <div class="panel-region-separator"></div><div class="panel-pane pane-content-fieldgroup pane-press-release-group-press-release-contacts"> <h2 class="pane-title"> Contact: </h2> <div class="pane-content"> <div class="fieldgroup group-press-release-contacts"> <div class="content"><div class="field field-type-nodereference field-field-press-release-contact field-fieldpressreleasecontact"> <div class="field-items"> <div class="field-item odd"> All Industries<br>IHS Media Relations, +1 303 305 8021<br><a href="https://web.archive.org/web/20170716061756/mailto:press@ihs.com">press@ihs.com</a><br>or </div> <div class="field-item even"> Chemicals; Energy; Natural Resources<br>Melissa Manning, +1 832 458 3840<br><a href="https://web.archive.org/web/20170716061756/mailto:melissa.manning@ihsmarkit.com">melissa.manning@ihsmarkit.com</a> </div> </div> </div> </div> </div> </div> </div> <div class="panel-region-separator"></div><div class="panel-pane pane-node-terms"> <h2 class="pane-title"> Tags: </h2> <div class="pane-content"> <a href="/web/20170716061756/http://news.ihsmarkit.com/category/tags/%5Bcatpath-raw%5D-221">Anthony Pavone</a>, <a href="/web/20170716061756/http://news.ihsmarkit.com/category/tags/%5Bcatpath-raw%5D-222">IHS Chemical Process Economics Report:Steam Cracking of Crude Oil</a> </div> </div> </div> </div> </div> </div>  </div> </div>  </div> </div> </div> </div> <div class="subpagecontent w-section"> </div> <div class="subpagecontent w-section twitter"> <div class="w-container max"> <div class="twitter_header"><h1><i class="fa fa-twitter fa-4x"></i>@IHS_news</h1> </div> <div id="block-views-tweets-block" class="block block-views"> <div class="content"> <div class="view view-tweets view-id-tweets view-display-id-block view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="view-inner-wrapper"><span class="views-field-item views-field-text"><span class="field-content">Global <a target="_blank" rel="nofollow" class="twitter-timeline-link" href="https://web.archive.org/web/20170716061756/https://twitter.com//search?q=%23mobile" class="twitter-timeline-hashtag">#mobile</a> <a target="_blank" rel="nofollow" class="twitter-timeline-link" href="https://web.archive.org/web/20170716061756/https://twitter.com//search?q=%23advertising" class="twitter-timeline-hashtag">#advertising</a> revenues top $83B in 2016. <a href="https://web.archive.org/web/20170716061756/https://t.co/MosHg1pDoK" title="https://t.co/MosHg1pDoK">https://t.co/MosHg1pDoK</a> <a href="https://web.archive.org/web/20170716061756/https://t.co/1MN05YIOqI" title="https://t.co/1MN05YIOqI">https://t.co/1MN05YIOqI</a></span></span> — <span class="views-field-item views-field-created-time"><span class="field-content"><em>2 days 15 hours</em> ago</span></span></div> </li> <li class="views-row views-row-2 views-row-even"> <div class="view-inner-wrapper"><span class="views-field-item views-field-text"><span class="field-content">New <a target="_blank" rel="nofollow" class="twitter-timeline-link" href="https://web.archive.org/web/20170716061756/https://twitter.com//search?q=%23tech" class="twitter-timeline-hashtag">#tech</a> for on-purpose production of <a target="_blank" rel="nofollow" class="twitter-timeline-link" href="https://web.archive.org/web/20170716061756/https://twitter.com//search?q=%23propylene" class="twitter-timeline-hashtag">#propylene</a> critical to meet demand for <a target="_blank" rel="nofollow" class="twitter-timeline-link" href="https://web.archive.org/web/20170716061756/https://twitter.com//search?q=%23plastics" class="twitter-timeline-hashtag">#plastics</a>. <a target="_blank" rel="nofollow" class="twitter-timeline-link" href="https://web.archive.org/web/20170716061756/http://twitter.com/IHS4Chemical" class="twitter-timeline-atreply">@IHS4Chemical</a>… <a href="https://web.archive.org/web/20170716061756/https://t.co/JTw2IImL1H" title="https://t.co/JTw2IImL1H">https://t.co/JTw2IImL1H</a></span></span> — <span class="views-field-item views-field-created-time"><span class="field-content"><em>4 days 7 hours</em> ago</span></span></div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="view-inner-wrapper"><span class="views-field-item views-field-text"><span class="field-content">Consumer loyalty to <a target="_blank" rel="nofollow" class="twitter-timeline-link" href="https://web.archive.org/web/20170716061756/https://twitter.com//search?q=%23SUV" class="twitter-timeline-hashtag">#SUV</a> / <a target="_blank" rel="nofollow" class="twitter-timeline-link" href="https://web.archive.org/web/20170716061756/https://twitter.com//search?q=%23CUVs" class="twitter-timeline-hashtag">#CUVs</a> highest ever; <a target="_blank" rel="nofollow" class="twitter-timeline-link" href="https://web.archive.org/web/20170716061756/https://twitter.com//search?q=%23sedan" class="twitter-timeline-hashtag">#sedan</a> loyalty continues to drop. <a target="_blank" rel="nofollow" class="twitter-timeline-link" href="https://web.archive.org/web/20170716061756/https://twitter.com//search?q=%23Auto" class="twitter-timeline-hashtag">#Auto</a> <a target="_blank" rel="nofollow" class="twitter-timeline-link" href="https://web.archive.org/web/20170716061756/http://twitter.com/IHSAutomotive" class="twitter-timeline-atreply">@IHSAutomotive</a>… <a href="https://web.archive.org/web/20170716061756/https://t.co/RK1XC96Ti6" title="https://t.co/RK1XC96Ti6">https://t.co/RK1XC96Ti6</a></span></span> — <span class="views-field-item views-field-created-time"><span class="field-content"><em>4 days 16 hours</em> ago</span></span></div> </li> <li class="views-row views-row-4 views-row-even"> <div class="view-inner-wrapper"><span class="views-field-item views-field-text"><span class="field-content">Small business <a target="_blank" rel="nofollow" class="twitter-timeline-link" href="https://web.archive.org/web/20170716061756/https://twitter.com//search?q=%23employment" class="twitter-timeline-hashtag">#employment</a> growth slows as hourly earnings increase. <a href="https://web.archive.org/web/20170716061756/https://t.co/JMim5r9vNm" title="https://t.co/JMim5r9vNm">https://t.co/JMim5r9vNm</a> <a href="https://web.archive.org/web/20170716061756/https://t.co/jIkqd75OOL" title="https://t.co/jIkqd75OOL">https://t.co/jIkqd75OOL</a></span></span> — <span class="views-field-item views-field-created-time"><span class="field-content"><em>1 week 2 days</em> ago</span></span></div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="view-inner-wrapper"><span class="views-field-item views-field-text"><span class="field-content">AMOLED fine metal mask market expected to reach $1.2B by 2022. <a href="https://web.archive.org/web/20170716061756/https://t.co/A6QIM0GU54" title="https://t.co/A6QIM0GU54">https://t.co/A6QIM0GU54</a> <a href="https://web.archive.org/web/20170716061756/https://t.co/diu7Z8v7Gm" title="https://t.co/diu7Z8v7Gm">https://t.co/diu7Z8v7Gm</a></span></span> — <span class="views-field-item views-field-created-time"><span class="field-content"><em>1 week 3 days</em> ago</span></span></div> </li> </ul> </div> </div> <div class="item-list"><ul class="pager"><li class="pager-previous first"> </li> <li class="pager-current">1 of 494</li> <li class="pager-next last"><a href="/web/20170716061756/http://news.ihsmarkit.com/press-release/new-exxonmobil-and-saudi-aramco-technologies-produce-ethylene-directly-crude-oil-cutti?page=1" class="active">››</a></li> </ul></div> <div class="more-link"> <a href="/web/20170716061756/http://news.ihsmarkit.com/tweets"> more </a> </div> </div> </div> </div> </div> </div>  <div class="w-row foot-desk"> <div class="w-col w-col-12 new-foot"> <div class="w-col-8 foot-left"> <img class="w-col-3 logo" src="/web/20170716061756im_/http://news.ihsmarkit.com/sites/ihs.newshq.businesswire.com/themes/ihs_newshq_businesswire_com_theme/client_files/images/IHS-Markit-logo.svg" alt="logo"/> <ul class="foot-green-links"> <li><a href="https://web.archive.org/web/20170716061756/https://ihsmarkit.com/careers.html" title="Careers">Careers</a></li> <li><a href="https://web.archive.org/web/20170716061756/https://ihsmarkit.com/executive-management.html" title="Executive">Executive</a></li> <li><a href="https://web.archive.org/web/20170716061756/https://www.ihs.com/index.html" title="IHS.com">IHS.com</a></li> <li><a href="https://web.archive.org/web/20170716061756/https://www.markit.com/" title="Markit.com">Markit.com</a></li> </ul> <ul class="footer-grey-link"> <li><a href="https://web.archive.org/web/20170716061756/https://ihsmarkit.com/terms-of-use.html" title="Terms of Use">Terms of Use</a></li> <li><a href="https://web.archive.org/web/20170716061756/https://ihsmarkit.com/disclaimers.html" title="Disclaimers">Disclaimers</a></li> <li><a href="https://web.archive.org/web/20170716061756/https://ihsmarkit.com/privacy-policy-cookie-policy.html" title="Privacy & cookie Policy">Privacy & cookie Policy</a></li> <li><a href="https://web.archive.org/web/20170716061756/https://www.markit.com/" title="Markit.com">Supplier Diversity Program</a></li> </ul> </div> <div class="foot-right footer-copyright">Copyright © 2016 IHS Markit. All Rights Reserved</div> </div> </div> <div class="w-row w-col-12 footer-mob">  <div class="w-col-12 footer-mob-links-sec"> <ul> <li><a href="https://web.archive.org/web/20170716061756/https://ihsmarkit.com/careers.html" title="Terms of Use">Terms of Use</a></li> <li><a href="https://web.archive.org/web/20170716061756/https://ihsmarkit.com/disclaimers.html" title="Disclaimers">Disclaimers</a></li> <li style="border:none;"><a href="https://web.archive.org/web/20170716061756/https://www.ihs.com/index.html" title="Privacy & cookie Policy">Privacy & Cookie Policy</a> <li><span>Copyright © 2016 IHS Markit. All Rights Reserved</span></li> </ul> </div> </div> <div id="bw_tag_wrap" style="width: 100%; padding-right: 10px; margin: 0px auto; text-align: right; clear:both"> <div id="bw_tag"><a href="https://web.archive.org/web/20170716061756/https://services.businesswire.com/online-newsrooms" target="_blank">Business Wire NewsHQ<sup>sm</sup></a></div> </div> </div>         <script type="text/javascript" src="/web/20170716061756js_/http://news.ihsmarkit.com/sites/all/modules/contrib/google_analytics_reports/google_analytics_reports/google_analytics_reports.js?u"></script> <script type="text/javascript" src="/web/20170716061756js_/http://news.ihsmarkit.com/sites/all/modules/custom/bw_api_late/js/iframe-fix-attributes.js?u"></script>  <script type="text/javascript">_satellite.pageBottom();</script> </body> </html>