Saudi Aramco and ExxonMobil Joint Venture Completes Clean Fuels Project
December 11 2014 - 3:30AM
Business Wire
- New hydrotreater dramatically reduces
sulfur levels in gasoline and diesel
- Joint venture celebrates 30 years of
joint refining operations, boosting economy and building stronger
community
- Refinery an industry leader in reducing
emissions
Saudi Aramco Mobil Refinery Company Limited (SAMREF), a joint
venture of Saudi Aramco and ExxonMobil, has completed construction
of major desulfurization facilities, including a new hydrotreater,
that dramatically cuts sulfur levels in gasoline and diesel.
The SAMREF partnership, which is celebrating 30 years of joint
refining operations, demonstrates the long-term collaboration and
progress towards meeting the energy needs of Saudi Arabia’s growing
economy. The project is the largest investment in SAMREF’s history
and will reduce the sulfur levels in gasoline and diesel by more
than 98 percent, to 10 parts per million, which makes the refinery
an industry leader in emissions reduction.
“Our long-term partnership benefits from the technology and
innovation from both companies,” said Khalid Al-Falih, President
and CEO of Saudi Aramco. “Our refinery will continue to be an
industry leader throughout the Middle East and in the global market
place well into the future. It is also testimony of Saudi Arabia’s
long-standing role as a reliable energy supplier to key geographic
areas of the world.”
“We continue to apply advantaged technology that will deliver
world-class products that contribute to the fuels value chain,”
said Darren Woods, senior vice president of Exxon Mobil
Corporation. “The successful, recent startup of the Clean Fuels
Project illustrates the refinery’s advancements and preparations to
meet global energy demands.”
Mohammad Al Naghash, president and chief executive officer of
SAMREF, said, “The company contributes to the global
competitiveness of the Kingdom of Saudi Arabia by providing world
class fuels, but also creating jobs and improving the surrounding
environment.”
About Saudi Arabian Oil Company and Mobil Yanbu Refining
Company, Inc.
SAMREF is a joint venture between the Saudi Arabian Oil Company
(Saudi Aramco) and Mobil Yanbu Refining Company Inc. (a wholly
owned subsidiary of Exxon Mobil Corporation). The SAMREF refinery
complex was formed for the development, construction, ownership and
operation of crude oil refining facilities in Yanbu, Saudi Arabia.
Following the construction and start-up of the facilities, it
commenced operations in late 1984.
About Saudi Aramco
Saudi Aramco is the leading global integrated energy and
chemicals company. We are driven by the core belief that energy is
opportunity. From producing approximately one in every eight
barrels of the world’s oil supply to developing new energy
technologies, our global team is dedicated to creating impact in
all that we do. We focus on making our resources more dependable,
more sustainable and more useful. This helps promote stability and
long term growth around the world. www.saudiaramco.com
About ExxonMobil Refining & Supply
ExxonMobil Refining and Supply encompasses a global network of
reliable and efficient manufacturing plants, transportation
systems, and distribution centers that provide a range of fuels,
lubricants, and other high-value products and feedstocks to our
customers around the world.
CAUTIONARY STATEMENT: Statements of future events or conditions
in this release are forward-looking statements. Actual future
results, including project plans, the impact of technology, and
emission reductions could differ materially due to changes in
market conditions affecting the oil, gas, and refined product
industries; political or regulatory developments, including changes
in environmental laws; the actions of competitors; technical or
operating factors; and other factors discussed under the heading
"Factors Affecting Future Results" in the Investor Information
section of our website (www.exxonmobil.com) and in Item 1A of our
most recent Form 10-K. The term "project" as used in this release
does not necessarily have the same meaning as under any government
payment transparency reporting rules.
ExxonMobil DownstreamUS Media Relations, +1 703-846-4467
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