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Sabic, Fujian Energy Petrochemical break ground on mega petrochem complex: A joint venture between petrochemicals giant Sabic and China’s Fujian Energy Petrochemical broke ground on a world-scale USD 6.4 bn petrochemical complex in China’s Fujian, Sabic said in a statement yesterday. The start of construction comes nearly a month after the two sides reached a final investment decision on the project.
And that’s not all: Sabic and Fujian Energy Petrochemical also signed EPC contracts and an undisclosed project financing loan agreement for the complex, the statement said, without providing further details.
What we know: The project will be home to a mixed feed steam cracker with an annual ethylene maximum capacity of up to 1.8 mn tons and downstream facilities including ethylene glycols, polyethylene, polypropylene, polycarbonate, and others. Nine of the technologies set to be used in the complex will be supplied from Sabic. The project is scheduled to begin the preparation for commissioning and start-up from the second half of 2026.
This has been in the works for quite a while: Sabic signed a MoU with Fujian province in 2018 to set out a framework for the development of the project.
All part of Sabic feedstock diversification plan: The project comes as part of a plan Sabic is implementing to diversify its feedstock sources and expand its manufacturing presence in Asia, it said.
