The integrated refining and ethylene project at Fujian, being built at an investment outlay of 30 billion yuan, is likely to come onstream in May.
Capacities include a 800,000 tpa ethylene unit, a 650,000 tpa polyethylene unit, a 400,000 ton polypropylene unit and a 1 mln tpa aromatic unit. Annual refining capacity of Fujian Refinery Petrochemical will augment from 4 mln tons to 12 mln. Fujian Refinery Petrochemical Company holds 50% stake in the company, while Saudi Aramco Overseas Co. Ltd and ExxonMobil (China) Chemical Co. Ltd. each hold 25% stake
Source: nctww.com
