(Singapore Road Power Power) and Sinopec and Saudi Arabian National Petroleum Corporation ("Saudi Amy") plans to build a new refining chemical plant in Fujian Province, China, and put into operation at the end of 2025.
According to Reuters, Saudi Arabia Amy issued a statement on the official website on Sunday (December 18) that the project will be built in Gutai, Fujian, including 320,000 barrels of oil in Nissan and a cracking device with an annual output of 1.5 million tons of ethylene.Essence
Statement stated that Saudi Arabia, Sinopec, and Saudi Basic Industry (SABIC) also signed a memorandum of understanding of cooperation on December 15 to study and build a new refinery plantfeasibility.
Yanbu Aimei Petrochemical Refining Company is located in Yanbu, Saudi Arabia. It is a joint venture between Sinopec and Saudi Arabia. It is also China's largest investment project in Saudi Arabia.
Saudi Auri Vice President Qatar said: "These projects provide opportunities for the establishment of modern, efficient and integrated downstream industries for China and Saudi Arabia, and also consolidated our long -term commitments. It continues to be the reliable reliability of Asia's largest economy in Asia.Energy and chemical suppliers. "
Saudi Auri sets the goal, and by 2030, the liquid chemical production capacity will be expanded to 4 million barrels per day.
