Construction Starts at Fujian Petrochemical Complex

MT Newswires Live

2024/11/19

Construction kicked off at the 71 billion-yuan refinery and petrochemical complex located at the Gulei petrochemical base in Zhangzhou city, Fujian province, according to a Chinese government filing released Monday.

The project, which is 50%-owned by Fujian Petrochemical, with Sinopec (SHA:600028, HKG:0386) and Saudi Aramco each holding the remaining 25% stakes, will be fully operational in 2030.

Once in production, the project will be able to supply 5 million tonnes of raw materials for downstream companies annually. Annual output value is expected to be about 81 billion yuan.

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Annual output value is expected to be about 81 billion yuan.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2097828631.EUR","symbol_name":"AZ EQUITY CHINA \"A\" (EUR) ACC","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2484956367","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2484956367","pubTimestamp":1731982865,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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