Saudi Basic Industries Corporation, has announced the final investment decision to develop a petrochemical complex in Fujian and China. This ambitious project, valued at $6.4 billion (€5.87 billion), is a partnership between SABIC Industrial Investments and Fujian Fuhua Gulei Petrochemical Co.
The complex will include a multi-feed cracker with a projected capacity of 1.8 million tons (1.63 million tonnes) of ethylene, along with a series of conversion factories producing ethylene glycol, polyethylene, polypropylene, and polycarbonate, utilizing 9 proprietary technologies of SABIC.
The project’s construction is expected to begin in the first half of 2024, with trial operations starting in the second half of 2026.
This project will enhance SABIC’s presence in the Asian petrochemical market, contributing to the diversification of feedstock sources and an expansion of its product range.
The project includes participation from Aramco Trading Company, a subsidiary of Saudi Aramco, which owns 70% of SABIC.
