World Chemical Giant SABIC Has Invested In A 1.5 Million Ton Ethylene Project In Fujian，China.

According to the latest news from China Chemical Industry News, Fujian Province, which takes the petrochemical industry as one of the three pillar industries, has made new progress in the construction of petrochemical bases: the introduction of the world chemical giant -- Saudi Arabia Basic Industries Corporation (SABIC) to jointly build the Sino-Saudi Gulei ethylene project.

According to China News, the person in charge of Fujian Petrochemical Group Co., Ltd. revealed at a press conference held in Fuzhou on September 1 that the Sino-Saudi  Gulei ethylene project has made breakthrough progress. According to the company, the Sino-Saudi Gulei ethylene project will be constructed at the Gulei petrochemical base in Fujian, with a total investment of more than 40 billion yuan. Its annual output of 1.5 million tons of ethylene plant is currently the largest in the world, and a number of core technologies have also been introduced. Blank in the industry. "The overall progress of the project is smooth," said Wu Hong, deputy secretary of the Party Committee of Fujian Petrochemical Group Co., Ltd. At present, SABIC, Fujian Petrochemical Group Co., Ltd., and Zhangzhou City have officially signed a tripartite investment agreement, and are accelerating the completion of the relevant business agreement. negotiation.

According to the data, on August 16, 2019, the official website of the Gulei Port Economic Development Zone in Zhangzhou, Fujian released a public announcement on the environmental impact assessment of the 1.5 million tons/year ethylene and downstream deep processing complex project in Fujian Gulei. The construction unit of the project is a joint venture between a designated affiliate of Fujian Petrochemical Group Co., Ltd. and a designated affiliate of Saudi Basic Industries Corporation (SABIC). The main construction content of the project is: using naphtha and liquid hydrocarbons as raw materials, constructing a 1.5 million tons/year ethylene plant to produce polypropylene, polyethylene, polycarbonate, ethylene oxide, ethylene glycol, butadiene, etc. Chemical Products. It is reported that Fujian has promoted the docking of the petrochemical industry between Fujian and Taiwan over the years, and has laid out two national petrochemical bases in Meizhou Bay and Gulei, and has formed a petrochemical industry cluster with a certain scale and strength. The Fujian Provincial Development and Reform Commission recently reviewed and approved the development plan for the Meizhou Bay Petrochemical Base. According to the plan, by 2030, the refining scale of the Meizhou Bay Petrochemical Base will reach 62 million tons/year, the ethylene scale will reach 6.3 million tons/year, and the aromatics scale will reach 7 million tons/year.