The largest petrochemical industry cooperation project between the two sides of the Taiwan Strait was completed and put into operation

Recently, the largest petrochemical industry cooperation project on both sides of the Taiwan Strait, the Gulei Refining and Chemical Integration Project, was completed and put into operation.
The main production equipment such as ethylene has been completed and the whole process has been realized, and the production of qualified products has been achieved
.
The project is an important practice to promote the deep integration of the petrochemical industry on both sides of the strait.
It is estimated that the annual output value will exceed 26 billion yuan, and the annual profit and tax will be 4 billion yuan
.
The Gulei Refining and Chemical Integration Project is located in Zhangzhou, Fujian.
It is a petrochemical project focusing on the production of high-end chemical products
.
The first phase of the project has a total investment of 27.
8 billion yuan, which mainly includes 9 sets of chemical plants including megaton ethylene and 600,000 tons of styrene per year, as well as supporting public works, wharf berths with an annual handling capacity of 7.
8 million tons, etc.
The main production is polypropylene.
There are 18 main products including ethylene glycol, styrene, etc.
The total product volume is expected to reach 3 million tons per year
.
The Gulei refining and chemical integration project is the leading project of the Gulei petrochemical base in the seven major petrochemical industry bases in the country
.
In January 2016, approved by the Fujian Provincial Development and Reform Commission, the project was jointly constructed by Sinopec Fujian Refining & Chemical Co.
, Ltd.
and Taiwan-funded enterprise Xuteng Investment Co.
, Ltd.
each with a 50% stake
.
November 2016, the two sides held an opening ceremony in Xiamen Entrepreneur Summit 2016 annual meeting of the two sides formally established Ligure Fujian Petrochemical Company Limited
.
Construction of the first phase of the project started in December 2017, and was successfully delivered in May 2021, and completed and put into production in August 2021
.
After the first phase of the project is put into production, it can achieve an annual profit and tax of 4 billion yuan.
It will become an important growth pole for the high-quality development of the local economy and achieve full catch-up.
It will provide high-quality raw materials for the downstream industrial chain, and drive the plastic, rubber, textile, The development of more than a dozen related industries such as clothing, electronics and instrument manufacturing, with hundreds of billions of yuan in industry, has brought more than 3,000 jobs to the local area and activated the Gulei petrochemical industry chain
.
The products will also radiate to southern China, which is of great significance to promote the expansion of cross-strait economic and trade exchanges and enhance the common well-being of compatriots on both sides of the strait
.
At present, the second phase of the project is accelerating.
It is expected that the ethylene production capacity will increase to 1.
4 million tons per year, and the total product volume will increase to 4.
2 million tons per year.

.