Together, the Fujian Refining and Ethylene Joint Venture Project and the Fujian Fuels Marketing Joint Venture Project will serve to meet China's rapidly growing demand for petroleum products and petrochemicals.
Synergies among these two world-class, integrated businesses, closely coupled with the strengths of each partner and a reliable supply of crude oil from Saudi Aramco, significantly enhance the competitiveness of this project, and help ensure its world-class performance.
Fact Sheet - Fujian Refining and Ethylene Joint Venture Project and Fujian Fuels Marketing Joint Venture Project, both located in southeastern China's Fujian Province, will be the first fully integrated refining, petrochemicals and fuels marketing Sino-foreign projects ever attempted in China.
Expand the existing refinery in Quanzhou, Fujian Province from 80 KBD (4 million tons-per-year) to 240 KBD (12 million tons-per-year).
The upgraded refinery will primarily refine and process sour Arabian crude. In addition, the project will build new petrochemical facilities, including - an 800,000 tons-per-year ethylene steam cracker - an 800,000 tons-per-year polyethylene unit - a 400,000 tons-per-year polypropylene unit, and - an aromatics complex based on a 700,000 tons-per-year paraxylene unit.
A 300,000 tons crude berth and utilities, including cogeneration facilities of 280MW. Electricity generated by the cogeneration facilities will provide about 80% of the power requirement.