Satorp

What Satorp does

SATORP (Saudi Aramco Total Refining and Petrochemical Company) is a joint venture between Saudi Aramco (62.5%) and TotalEnergies (37.5%) that operates an integrated refinery and petrochemical complex in Jubail Industrial City, Saudi Arabia. The facility processes 465,000 barrels per day of Arabian Heavy crude oil through hydrocracking and sulphur recovery technologies, producing nine distinct products spanning refined transportation fuels (three grades of gasoline, diesel, and jet fuel), petrochemicals (paraxylene, benzene, propylene), and byproducts (petroleum coke, sulfur, LPG). The company has accumulated 16.6 million injury-free man hours without a lost-time incident, reflecting an entrenched operational and safety culture.

The product portfolio serves distinct end markets: refined transportation fuels are exported globally across Asia, Europe, and America with gasoline grades tailored to destination specifications, while petrochemicals feed downstream manufacturing — propylene is supplied to Jubail petrochemical producers, paraxylene serves PET/textile/packaging applications, and benzene acts as a precursor for ethylbenzene and cumene. Sulfur is recovered as a byproduct of hydrocracking and directed to sulfuric acid manufacturing; petroleum coke serves fuel and battery markets including in China; LPG supports heating, cooking, vehicle fuel, hydrogen production, and olefin cracking. Pricing is conducted under non-disclosed B2B bulk-commodity contracts.

SATORP generates revenue through transactional B2B sales of refined and petrochemical products and is executing a multi-billion dollar growth agenda: an USD 11 billion Amiral petrochemical complex expansion (operations targeted for 2027) co-signed with the Saudi Investment Ministry, a 1.5 million tons per annum Sustainable Aviation Fuel target by 2030, long-term operational partnerships including a seven-year KBR maintenance contract (with three-year extension) and a three-year NEXTCHEM sulphur recovery technology engagement, and a 30-year USD 500 million industrial wastewater treatment concession. These moves align directly with Saudi Arabia's Vision 2030 industrialization and lower-carbon energy objectives.

Name

Satorp

Legal name

Saudi Aramco Total Refining and Petrochemical Co. SATORP

Website

https://satorp.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

SATORP is a Saudi Aramco-TotalEnergies joint venture operating a 465,000 BPD refinery and petrochemical complex in Jubail, Saudi Arabia, producing gasoline, diesel, jet fuel, paraxylene, benzene, propylene, sulfur, petroleum coke, and LPG for global export markets and downstream Jubail industrial customers.

Ownership category

akta.pro rank

Product category

Oil Refining and Petrochemicals

NAICS

Petroleum Refineries (32411), Petrochemical Manufacturing (32511), Petrochemical Manufacturing (325110)

SIC

Petroleum Refining (2911), Industrial Organic Chemicals (2860), Miscellaneous Products Of Petroleum & Coal (2990)

akta.pro primary industry

Refinery Blending & Product Quality Control (Gasoline/Diesel/Jet Blending, Additives) (EUALAGAJ)

akta.pro secondary industries

Refinery Offsites, Storage & Loading (Tankage, Truck/Rail/Marine Loading) (EUALAGAK), Steam Cracking & Feedstock Flexibility Services (Cracker optimization, feed switching, co-product recovery) (EUALAHAJ), Sulfur & Acid Gas Feedstocks (Sulfur, Sulfuric Acid, Mercaptans) (EUALAHAH), Syngas & Hydrogen Feedstocks (SMR/ATR, Refinery/Petrochem H2) (EUALAHAE)

Keywords

• Oil refining
• Petrochemical production
• Crude oil processing
• Refined petroleum products
• Sustainable aviation fuel

Headquarters

HQ city

Al-jubail

HQ country

Saudi Arabia

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Infrastructure, Technology or R&D, Personnel, Marketing or Sales

Revenue model

1. Refined Petroleum Products: SATORP generates revenue by processing crude oil into refined petroleum products including gasoline, diesel, jet fuel, and other refined products sold to global export markets
2. Petrochemical Products: Production and sale of petrochemical products including paraxylene, benzene, and propylene to industrial customers
3. Sustainable Aviation Fuel (SAF): SATORP targets production of 1.5 million tons per annum of sustainable aviation fuel by 2030

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

SATORP operates an integrated refinery and petrochemical complex in Jubail Industrial City, Saudi Arabia, processing 465,000 barrels per day of Arabian Heavy crude oil into nine distinct products: gasoline (three export grades), diesel, jet fuel, paraxylene, benzene, propylene, petroleum coke, sulfur, and LPG. The complex supplies refined fuels to global export markets across Asia, Europe, and America, and provides petrochemical feedstocks to downstream petrochemical companies within the Jubail industrial ecosystem. The company is also targeting production of 1.5 million tons per annum of Sustainable Aviation Fuel (SAF) by 2030.

Product overview

SATORP is a single, unified refinery and petrochemical complex operated as a strategic alliance between Saudi Aramco (62.5%) and TotalEnergies (37.5%). Located in Jubail Industrial City, Saudi Arabia, the facility processes 465,000 barrels per day of Arabian Heavy crude oil through world-class refining operations. The complex produces nine distinct products: three refined petroleum products (Gasoline, Diesel, Jet Fuel), three petrochemicals (Paraxylene, Benzene, Propylene), and three byproducts (Petroleum Coke, Sulfur, LPG). The company is expanding its Amiral petrochemical complex as part of an USD 11 billion project, with operations expected to start in 2027.

Differentiator

Problem solved

Functional benefit

Products and services

• Gasoline Three grades of gasoline produced for export markets in Asia, Europe, and America. Quality is determined by octane number, with higher numbers indicating better engine performance; primarily used in light vehicles.
• Diesel SATORP's most valuable refined product, primarily used in transportation; fuel quality is determined by cetane number, with lower numbers indicating lower diesel engine performance.
• Jet Fuel One of SATORP's largest products by volume, derived from light hydrocarbons; commonly used in aviation and heating applications.
• Paraxylene Petrochemical used in manufacturing fibers, films, and polymer materials including polyethylene terephthalate (PET), which is widely used in textiles, plastic bottles, and solar cells.
• Benzene Organic chemical compound (C6H6) consisting of six carbon atoms arranged in a ring; mainly used as a precursor for heavy chemicals such as ethylbenzene and cumene.
• Propylene Produced and supplied to petrochemical companies in Jubail for various industrial applications as a key petrochemical feedstock.
• Petroleum Coke Composed mainly of carbon with low hydrogen content; used as fuel in countries such as China and in producing various types of batteries.
• Sulfur Produced as a by-product from the hydrocracking process; typically used in manufacturing sulfuric acid.
• Liquefied Petroleum Gas (LPG) Composed of propane (C3) and butane (C4); used mainly for heating, cooking gas, or vehicle fuel (especially in Europe), and in refining/petrochemicals as feedstock for hydrogen production or cracking units to produce olefins for plastics.
• Sustainable Aviation Fuel (SAF) Lower-carbon aviation fuel targeted for 1.5 million tons per annum production by 2030, supporting Saudi Arabia's energy transition and lower-carbon fuel initiatives.

Quantifiable outcome

• 16.6 million injury-free man hours achieved
• +2 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eight partnerships are on record, tiered major, core and supporting.

• KBRmajorImplementation/ SI/ Consulting Partner · 12 March 2026KBR awarded a seven-year General Maintenance Services contract with optional three-year extension for SATORP's petrochemical expansion complex in Jubail. KBR will deliver preventive, predictive, corrective, and shutdown maintenance services to achieve peak availability, reliability, and top-quartile plant performance. The contract reinforces a decade-long partnership.
• NEXTCHEM (NextChem Tech)majorTechnology or Integration · 6 March 2025NEXTCHEM through its subsidiary NextChem Tech awarded a three-year engineering and technology services contract for the Sulphur Recovery Complex at the Jubail refinery. Services include process and engineering advisory to enhance performance, operational troubleshooting, energy efficiency, and reduce carbon footprint.
• Saudi AramcocoreStrategic or Co-development PartnerSaudi Aramco holds 62.5% ownership in SATORP as the majority joint venture partner. The partnership combines Saudi Aramco's upstream oil production capabilities with TotalEnergies' refining expertise to operate the world-class Jubail complex.
• TotalEnergiescoreStrategic or Co-development PartnerTotalEnergies holds 37.5% ownership in SATORP as the joint venture partner. The company provides technical expertise and operational support for the refining complex while confirming damage assessments and production impacts from regional incidents.
• Saudi Investment MinistrymajorStrategic or Co-development PartnerThe Investment Ministry and SATORP signed an agreement to expand the Amiral petrochemical complex in Jubail, focusing on downstream industries linked to a USD 11 billion project. Expansion aims to enhance chemical production, efficiency, and domestic resource utilization with operations expected to start in 2027.
• Marafiq GroupsupportingStrategic or Co-development PartnerMarafiq Group holds 40% stake in the consortium sponsoring the Admiral Industrial Wastewater Treatment & Reuse Project, a $500 million senior secured financing facility under a 30-year concession agreement with SATORP to serve the Amiral petrochemical complex and Jubail downstream industrial district.
• Veolia Middle EastsupportingStrategic or Co-development PartnerVeolia Middle East holds 35% stake in the consortium sponsoring the Admiral Industrial Wastewater Treatment & Reuse Project that secured $500 million financing and will serve the Amiral complex and Jubail industrial district under a 30-year concession with SATORP.
• Lamar Arabia EnergysupportingStrategic or Co-development PartnerLamar Arabia Energy holds 25% stake in the consortium sponsoring the Admiral Industrial Wastewater Treatment & Reuse Project serving SATORP's Amiral complex and the broader Jubail downstream industrial district.

Scale indicators6 records

Recent moves6 records

Expansion highlights4 records

Regional players

• Kuwait National Petroleum Corporation (KNPC): KNPC operates the Mina Al-Ahmadi and Mina Abdullah refineries in Kuwait with combined capacity exceeding 800,000 BPD, making it a regional refining incumbent comparable to SATORP in scale, Middle East location and refined-product focus.
• Pertamina Refinery (PT Kilang Pertamina Internasional): Pertamina operates multiple Indonesian refineries with combined capacity exceeding 1 million BPD and integrated petrochemical operations. Comparable to SATORP as a state-backed integrated refining and petrochemical operator serving Asian growth markets.

Broad incumbents

• Reliance Industries (Jamnagar Refinery): Reliance operates the world's largest refinery complex at Jamnagar, India, with crude processing capacity exceeding 1.3 million BPD and integrated petrochemical production. Comparable to SATORP as a mega-scale integrated refinery and petrochemical platform.
• SABIC: SABIC is Saudi Arabia's flagship petrochemical and integrated chemicals producer, majority-owned by Saudi Aramco and operating large-scale petrochemical assets in Jubail. It is directly comparable to SATORP's petrochemical output and shares the same domestic feedstock ecosystem.
• S-Oil Corporation: S-Oil operates the Onsan refinery complex in South Korea with 670,000 BPD capacity and petrochemical integration, with Saudi Aramco as a major shareholder. Comparable to SATORP in scale, product mix and partial Aramco sponsorship.
• Formosa Petrochemical Corporation: Formosa Petrochemical operates the Mailiao refinery and petrochemical complex in Taiwan, with integrated refining capacity of approximately 540,000 BPD and downstream olefin/aromatics production. It is a global comparable for SATORP's integrated fuels-and-petrochemicals model.

Direct peers

• YASREF (Yanbu Aramco Sinopec Refining Company): YASREF is a Saudi Aramco and Sinopec joint venture refinery in Yanbu, Saudi Arabia, with 400,000 BPD capacity and a similar JV structure anchored by Saudi Aramco. It is highly comparable in scale, ownership model and product slate to SATORP.
• Motiva Enterprises: Motiva operates the Port Arthur, Texas refinery, one of the largest in the United States, with similar 600,000+ BPD scale to SATORP. It is directly comparable in single-site refining scale and global refined-product distribution.
• Sadara Chemical Company: Sadara is a joint venture between Saudi Aramco and Dow Chemical operating a world-scale petrochemical complex in Jubail Industrial City. It is the closest direct peer to SATORP given shared sponsor, location and refinery-to-petrochemicals integration model.

Emerging players

• Neste Oyj: Neste is a global leader in renewable diesel and sustainable aviation fuel production, making it the most relevant emerging player comparable to SATORP's stated 1.5 million tons-per-annum SAF target by 2030 and its energy transition pivot.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/satorp
• LinkedInlinkedin.com/company/satorp-saudi-aramco-refining-petrolchemical-&-co.

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Satorp