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Saudi Basic Industries Corp (SABIC) has announced its final investment plan for a petrochemical complex in East China's Fujian Province, with a local Chinese company. The project is part of a strategic effort between Saudi Arabia and China. The joint venture, SABIC Fujian Petrochemicals Co, will operate the project, which will consist of a mixed feed steam cracker with a maximum annual ethylene capacity of 1.8 million tons and world-class downstream facilities using world-leading technologies. Construction is expected to begin in the first half of 2024, with commissioning and start-up preparations starting in the second half of 2026.

China-Saudi petrochemical companies to set up $6.4b complex in Fujian as bilateral ties deepen

Saudi Basic Industries Corp (SABIC) has announced its final investment plan for a petrochemical complex in East China’s Fujian Province, with a local Chinese company. The project is part of a strategic effort between Saudi Arabia and China. The joint venture, SABIC Fujian Petrochemicals Co, will operate the project, which will consist of a mixed feed steam cracker with a maximum annual ethylene capacity of 1.8 million tons and world-class downstream facilities using world-leading technologies. Construction is expected to begin in the first half of 2024, with commissioning and start-up preparations starting in the second half of 2026.

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