YASREF is a significant addition to the impressive downstream portfolio of Saudi Aramco, while building on and cementing the strategic partnership with Sinopec, Saudi Aramco’s largest crude oil partner and buyer. High-value refined products for both international and domestic markets. Of Arabian heavy crude oil to produce premium transportation fuels, as well as YASREF uses 400,000 barrels per day (bpd) That covers about 5.2 million square meters in the Yanbu Industrial City, and
Petrochemical Corporation (Sinopec), is a world-class, full-conversion refinery Refining Company (YASREF) Ltd., a joint venture between Saudi Aramco and China 46% of the project’s materials and services were sourced and manufactured in Saudi Arabia.Ī unique feature of Fadhili is that its multiple downstream treated gas pipelines enhanced the connectivity, reliability, and responsiveness of Saudi Aramco’s Master Gas System (MGS), as those pipelines are connected to the northern and central sections of the MGS. The development of Fadhili added billions of dollars to the local economy through IKTVA. In addition, Fadhili is the first plant to treat nonassociated gas from both onshore and offshore fields.įGP is also the first SA Gas plant to deploy the Sulfur Recovery Unit Tail Gas Treatment process to attain a sulfur recovery rate of 99.9%, helping to protect air quality, and reducing SO2 emissions by more than 18,000 Metric Tons per year as compared to the conventional Claus process. With a total processing capacity of 2.5 BSCFD, FGP is the first plant in the region to have the capability of sweetening low BTU gas, then directly powering an independent power plant, yet able to switch to regular sales gas as needed. FGP construction started in 2016 and was completed and put fully onstream in 2020. It's an incredible and commanding way to kick off this partnership.The cutting edge Fadhili Gas Plant (FGP) is emblematic of Saudi Aramco’s broad impact on not only boosting gas supply to displace crude burning, but also driving economic growth, developing the Saudi workforce, spearheading technology deployment, and reducing CO2 emissions. “We are also looking forward to supporting XP's incredible aim to help restore Brazil's rightful position within the F1 firmament with their comprehensive support programme for young drivers.
ASTON MARTIN F1 DRIVERS
“Together, we believe that the future for Brazilian motorsport is bright: we have already signed Felipe Drugovich as one of our development drivers for 2023, and we have big plans for him. They are one of Latin America's most revered and respected investment companies, with a presence across many continents, and we are very happy that they have chosen to partner with us. Jefferson Slack, managing director for commercial and marketing, added: “We are delighted to welcome XP to the AMF1 team. The structure we are looking to provide absolutely aims to re-establish that hegemony and put Brazil firmly back on the F1 map.” “In addition, supporting Brazilian motorsport and young Brazilian drivers is one of our highest priorities for this partnership. And that will kick off a new era for our brand, connecting us to millions of Brazilians around the world. "As a loved and respected brand within Brazil, we are now connected with the country's passion for Formula One.
“As a business, we are focused on building strong, long-term relationships with companies and clients within our ecosystem,” said Lisandro Lopez, chief marketing officer at XP.
ASTON MARTIN F1 DRIVER
Branding rights will then be expanded to include the team kit and driver race overalls from the start of the 2023 season.Īston Martin F1 achieves top FIA environmental accreditation XP branding will appear on the top chassis and rear-wing endplates of the Aston Martin car from this weekend. The agreement, nnounced ahead of this weekend's Brazilian Grand Prix, sees the São Paulo-headquartered company become the British team's official global financial services partner. Aston Martin Formula One team have signed a multi-year deal with Brazilian investment management company XP.
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