News Post
SABIC and FJPEC Agree to Construct Petrochemical Complex in Zhangzhou, China
Saudi Aramco subsidiary SABIC has signed a joint venture contract with the Fujian Petrochemical Industrial Group Co., Ltd (FJPEC) of China for the purpose of building what would be a significant petrochemical complex in China. The mega complex would require a total investment of about $6.18 billion and will be built at the Gulei Industrial Park in Zhangzhou city, in east China's Fujian Province.
This petrochemical complex is being designed to feature a mixed feed steam cracker that holds an annual ethylene capacity of 1.5 million tons per year, as well as a series of downstream facilities that will include a mono ethylene glycol (MEG) unit, two polyethylene (PE) units, two polypropylene (PP) units, one polycarbonate (PC) unit and several by-product units. GEI analysts will continue to research for additional updates on this proposed project.
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