Saudi Arabia in Saudi Arabia Saudi Arabia will jointly build a joint venture with Chinese companies to build a large -scale refining and chemical joint device in Panjin, Liaoning. It is expected to be put into operation in 2026.
Comprehensive Bloomberg, China Daily, etc., Saudi Arabia President and CEO Amin Narr on Sunday (March 26) announced at the China Development High -level Forum that it has invested in major fine chemicals in Panjin, Liaoning.project.On the same day, they signed the final agreement with Huajin North Industrial Group and Pan Jinxincheng to develop a most advanced refining and chemical joint device in Liaoning Province.
Amin Naacer said: "We have seen an important win -win opportunity, that is, establishing the world's leading downstream industry in China, focusing on increasing the conversion rate of petrochemical industry, and also expanding our crude oil chemical industryPart of the strategy. "
The total investment of fine chemicals and raw materials projects is 83.7 billion yuan (S $ 16.2 billion), which is located in the Liaoning coastal economic and technological development zone in Panjin City, Liaoning Province.The main body of the implementation is Huajin Ame Petrochemical Co., Ltd., which includes Saudi Arabia, Huajin North Industrial Group and Pan Jinxincheng.
The joint venture includes a refinery with a daily processing capacity of 300,000 barrels and a chemical plant with an annual output of 1.65 million tons of ethylene and 2 million tons.
After obtaining the required administrative approval, the above -mentioned project will start construction in the second quarter of this year, and it is expected to be fully operated in 2026.The joint venture company is located in Panjin City, Liaoning Province, and Saudi Arabia will supply it up to 210,000 barrels of crude oil per day.
Li Lecheng, deputy secretary of the Liaoning Provincial Party Committee and Governor, said that the Panjin project is a major cooperation project jointly witnessed and promoted by the heads of the Panjin project. It is a major move and strategic move for mutual benefit and win -win."I hope to invest in the three parties as an opportunity to strengthen communication and sincere cooperation, accelerate the construction of the project, and strive to be completed and put into operation as soon as possible."
