Fujian Refining and Ethylene Joint Venture Project launched

05 Apr '07

2 min read

The ceremony was attended by Mr. Chen Jinhua, former Vice Chairman, the Chinese People's Political Consultative Conference; His Excellency Ali Al-Naimi, Minister of Petroleum & Mineral Resources, Saudi Arabia; Mr. Huang Xiaojing, Governor, Fujian Province; Mr. Chen Tonghai, President, China Petrochemical Corporation (Sinopec Group) and Chairman, China Petroleum & Chemical Corporation (Sinopec Corp.); Mr. Abdallah S. Jum¡¯ah, President & CEO, Saudi Aramco; and Mr. Steve Simon, Director and Senior Vice President, Exxon Mobil Corporation.

Together, the Fujian Refining and Ethylene Joint Venture Project and the Fujian Fuels Marketing Joint Venture will serve to meet China's rapidly growing demand for petroleum products and petrochemicals.

Synergies from these two world-scale, integrated businesses, closely coupled with the strengths of the four partners and a long-term crude supply agreement with Saudi Aramco, significantly enhance the competitiveness of this project, and help ensure its world-class performance.

It will also boost the development of China's petrochemical industry and contribute to the economic development of Fujian Province.

Sinopec Corp

More Sinopec Corp News... More Textiles News - China...