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Fujian Province, with the petrochemical industry as one of the three pillar industries, has made new progress in the construction of petrochemical bases: the introduction of the world's chemical giant-Saudi Basic Industries Corporation (SABIC), a joint venture and cooperation to build the Zhongsha Gulei ethylene project.
Chemical industry
Fujian Petrochemical Group Co.
According to the company, the Zhongsha Gulei ethylene project will be constructed at the Fujian Gulei petrochemical base with a total investment of more than 40 billion yuan.
"SABIC is the world's top three chemical giants with leading technological advantages.
"The overall progress of the project is smooth," said Wu Hong.
Industry insiders believe that the successful introduction of the project will help the Gulei Petrochemical Park to extend the industrial chain and form industrial clusters, to continuously improve and strengthen the Fujian petrochemical industry, to enhance the development level and competitiveness, and to promote the development of Fujian Province in all aspects.
Fujian is located in the southeastern coast of China.
(Keywords: Chemical investment and plant construction)