SABIC has announced the final investment decision (FID) for its Fujian Petrochemical Complex in China’s Fujian province.
SABIC FUJIAN Petrochemicals Co. Ltd, a 51:49 joint venture (JV) between SABIC Industrial Investment Co and Fujian Fuhua Gulei Petrochemical decided to build the Complex in Fujian’s Gulei Industrial Park.
With an estimated total investment of $6.4 billion (€5.9 billion), it is another centrepiece of SABIC’s investment footprint in the country.
The complex will consist of a mixed feed steam cracker, with an expected annual ethylene capacity up to 1.8 million tpy, with a series of world-class downstream facilities, including ethylene glycol (EG), polyethylene (PE), polypropylene (PP), polycarbonate (PC), and several other units. The construction of the project targets to complete in 2026.
Abdulrahman Al-Fageeh, SABIC CEO, said: “The FID is a significant milestone for SABIC’s business expansion and development in China.
“The project aims to support our goal of diversifying our feedstock sources and establishing a petrochemical manufacturing presence in Asia for a wide range of products, and the FID decision fully reflects SABIC’s commitment to provide solutions to our customers and maximise shareholders value.”
SABIC announces FID for Fujian petrochem complex
