TotalEnergies activities in KSA
With a presence in Saudi Arabia for more than 40 years, TotalEnergies has developed a successful and mutually rewarding relationship with local stakeholders and partners, including Saudi Aramco, in the downstream sector.
Refinery SATORP
- It is a joint venture between Aramco (62.5%) and TotalEnergies (37.5%)
- Located in Jubail. It is a world-class conversion refinery processing 460,000 barrels per day of Arabian Heavy crude oil.
- First refinery in Mena region to produce Sustainable Aviation Fuel (SAF)
- The refinery employs 1,200 people.
AMIRAL Project
- A giant petrochemical complex will be integrated with SATORP.
- It will produce a world-scale mixed-feed cracker (1.65 MTpa of ethylene), the first in the Gulf region to be integrated with a refinery.
- Estimated investment is $7 billion from shareholders and $4 billion from third-party investors.
- Additional units linked to the mixed-feed cracker will provide feedstock to a Value Park of high-value added derivatives units and specialty chemicals.
Saudi Total Petroleum Products (STPP)
- It’s a joint venture between TotalEnergies (51%) and Zahid Group (49%)
- Markets a wide range of lubricants and specialty products.
Tas'Helat Marketing Company (TMC)
- It’s a 50% / 50% joint venture between TotalEnergies and Aramco
- The current network is 260 high-quality stations across Saudi Arabia https://www.tas-helat.com/
SAFEER - Solar Energy Solutions
- it’s a joint venture between TotalEnergies (50%) and Altaaqa Alternative Solutions LLC, an affiliate of Zahid Group (50%).
- Company has been created in 2020
- Aims to provide affordable and reliable solar energy to commercial and industrial customers in Saudi Arabia https://safeer-solar.com/
Renewables Activities
- Focusing on wind and solar projects.
- Solar farm of 119 MWp, Wadi Ad Dawasir, is a Joint Venture between TotalEnergies (40%), Toyota Tsusho (40%) and Altaaqa (20%). Start-up date planned on beginning of 2025
- Combining the know-how of TotalEnergies Renewables, PV module supplier SunPower, and battery provider Saft.
Strategy
- Produces and markets oil, biofuels, natural gas, green gas, renewables, and electricity.
- Presence across the entire value chain of energy (production, processing, and distribution).
- Invents technological solutions to innovate for customers.
- Efficient, profitable, and innovative.
- Ensures quality for customers and sets the company apart from others.
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