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[Industry Focus]:71.1 billion Refining "Super Project" Officially Launched in Gulei! Contains phenol ketone, bisphenol A, etc

On November 18, the start of the second phase of the Fujian Gulei Refining and Chemical Integration Project was held at the Gulei Petrochemical Base in Zhangzhou, Fujian Province.

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The project is jointly constructed by Sinopec, Fujian Refining and Chemical and Saudi Aramco. It is the largest industrial project invested in Fujian Province so far and is expected to be fully put into operation in 2030. Data show that the total investment of the project is 71.1 billion yuan, Fujian Refining and Chemical Company holds 50%, Saudi Aramco and Sinopec each hold 25%, which is an important part of the new pattern of three-dimensional energy cooperation between China and Saudi Arabia.


The project includes 16 million tons/year oil refining, 1.5 million tons/year ethylene, 2 million tons/year p-xylene and downstream derivatives units. After completion, it can supply 5 million tons of raw materials for Fujian Gulei petrochemical base every year, which will further improve the industrial chain of Gulei petrochemical base and promote the high-end, intelligent and green development of petrochemical industry.

Ma Yongsheng, chairman of Sinopec, said that Sinopec and Saudi Aramco have always maintained a good cooperative relationship, continuously achieved fruitful results, and set a successful example of complementary advantages and mutual benefit. This cooperation is another major achievement of our expansion of high-level opening up, seizing opportunities of the times, and developing new-quality productivity in accordance with local conditions.


Saudi Aramco's downstream president, Mohamed Qahtani (Mohammed Y.Al Qahtani), said that based on the solid foundation of cooperation with Sinopec and Fujian Refining and Chemical, the start of the event marked a new step in Saudi Aramco's investment in China and an expanding downstream business landscape.

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It is reported that the total investment of Fujian Zhongsha Gulei ethylene project is about 44.8 billion yuan (about 6.4 billion US dollars).


The main construction of the project:


ethylene and downstream-ethylene production scale is 1.5 million tons/year, ethylene downstream is planned to build 10/1 million tons/year ethylene oxide/ethylene glycol, 400000 tons/year HDPE, 600000 tons/year mLLDPE/HDPE and 50000 tons/year hexene -1.


Propylene and downstream-Propylene downstream is planned to build 400000 tons/year polypropylene (impact/random) and 550000 tons/year polypropylene (homopolymerization/random). There are also some downstream planning and construction of 25/150000 tons/year phenol acetone, 270000 tons/year bisphenol A and 290000 tons/year polycarbonate.


In addition, 910000 tons/year pyrolysis gasoline hydrogenation (including styrene extraction), 220000 tons/year butadiene extraction, 56000 tons/year butene-1 unit and 570000 tons/year aromatics extraction will be built.

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