TechnipFMC plc FTIand Honeywell UOP, a subsidiary of Honeywell International Inc. HON, recently signed memorandums of understanding (MOUs) with Motiva Enterprises, an American unit of Saudi Aramco. The deals, which are expected to enable the Saudi Arabian state-run oil company to unite its petrochemicals business with oil refining, are valued at $8-$10 billion.
Aramco Taps TechnipFMC & Honeywell for Petrochemical Foray
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