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SABIC and China's FJPEC to build mega petrochemical complex

Riyadh-based global chemical company SABIC has inked a joint venture contract with China's Fujian Petrochemical Industrial Group Co., Ltd (FJPEC) to build a world-class mega petrochemical complex in China. With a total investment of about $6.18 billion, the complex will be built at Gulei Industrial Park in Zhangzhou city, east China's Fujian Province.

It will consist of a mixed feed steam cracker that holds an annual ethylene capacity of 1.5 million tons, as well as a series of downstream facilities including a mono ethylene glycol (MEG) unit, two polyethylene (PE) units, two polypropylene (PP) units, one polycarbonate (PC) unit and several by-product units.

(Produced by Xinhua Global Service)

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