On August 26, the Sino-Saudi Gure ethylene project joint venture contract was signed, and the signing ceremony was held in the form of a video connection "cloud signing".
According to the contract, Saudi Basic Industries Corporation and Fujian Petrochemical Group will establish a joint venture with an investment of about 40 billion yuan to build and operate a world-class large-scale petrochemical complex—Zhongsha Gulei Ethylene Project in Fujian Gulei Petrochemical Base. The project will build an ethylene plant with an annual output of 1.5 million tons, as well as a series of downstream production plants. It adopts a number of global advanced technologies. It has a large-scale plant, good economic benefits, many high-end products, low energy consumption and emissions, and downstream drives. Strong and other characteristics.
According to the introduction, the Zhongsha Gulei Ethylene Project is a "key project for Sino-Saudi capacity and investment cooperation." The two parties will work together to promote technological innovation, strengthen joint research on key core technologies in the industry, develop and produce more high value-added products to meet market needs; work together to build a modern industry, take the project as an opportunity to cultivate world-class petrochemical companies, and build a world-class petrochemical industry The park promotes the continuous development and growth of Fujian's petrochemical industry; it joins hands to explore the international market, builds bridges with each other, strengthens cooperation in more fields through various means, and jointly shapes new international cooperation and competitive advantages.
Source: Chemical Network
