TotalEnergies, Aramco to build $11 billion petrochemical plant in Saudi Arabia

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The project involves an investment of around $11 billion, of which $4 billion will be funded through equity by Aramco (TADAWUL:2222) (62.5%) and TotalEnergies (37.5%), the statement said.

Construction is scheduled to begin during the first quarter of 2023 with commercial operation targeted to start in 2027.