Sabic decides to build petchem complex at Fujian, China
by ChemOrbis Editorial Team - content@chemorbis.com
According to the company’s announcement on Riyadh’s Tadawul bourse, Saudi Arabian major chemicals producer Saudi Basic Industries Corp. (Sabic) will build a $6.4 billion petrochemical complex in China’s Fujian province. The company took the final investment decision (FID) for the project on January 21.
The new complex will be a joint venture between Sabic and China’s Fujian Fuhua Gulei Petrochemical. Sabic will own a 51% stake in the project whereas Fujian will have 49%.
The complex will include a mixed-feed steam cracker with a projected capacity of up to 1.8 million tons/year for ethylene. It will also feature downstream facilities including polyethylene (PE) and polypropylene (PP).
The project is estimated to cost around $6.4 billion, and construction will start in the first half of 2024. Commissioning and start-up preparations will begin in the second half of 2026, lasting for six months.
The new complex will be a joint venture between Sabic and China’s Fujian Fuhua Gulei Petrochemical. Sabic will own a 51% stake in the project whereas Fujian will have 49%.
The complex will include a mixed-feed steam cracker with a projected capacity of up to 1.8 million tons/year for ethylene. It will also feature downstream facilities including polyethylene (PE) and polypropylene (PP).
The project is estimated to cost around $6.4 billion, and construction will start in the first half of 2024. Commissioning and start-up preparations will begin in the second half of 2026, lasting for six months.
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