On July 8th, the joint venture project with a total investment of RMB 28.874 billion was established in Quanzhou, Fujian province. The party and state leaders Jia Qinglin and He Guoqiang sent congratulatory messages. Sheng Huaren, Lu Zhangong, Huang Xiaojing, and Chen Tonghai attended the foundation laying ceremony.
The Fujian Refining and Chemicals Integration Project is jointly constructed by the three parties of Fujian Refining & Chemical Co., Ltd., ExxonMobil Corporation of the United States, and Saudi Aramco Oil Company with proportions of 50%, 25%, and 25%, and is currently the first in the petroleum and petrochemical industry in China. A fully integrated world-class Sino-foreign joint venture project with upstream and downstream targets to meet China's rapidly growing demand for petroleum and petrochemical products. The integration of Fujian Refining and Petrochemical Project into production will play an important role in improving the status of China's petrochemical industry in the world's petrochemical industry, adjusting China's petrochemical industry structure, building a pillar industry in Fujian Petrochemical, and promoting economic development across the Taiwan Strait.
It is understood that Fujian Refining and Chemical Integration Project. Including the new 8 million tons/year crude oil processing and 800,000 tons/year ethylene plant, with a total investment of 28.874 billion yuan. The project is planned to be completed and put into operation by the end of 2007. Upon completion, it will annually produce 650,000 tons of polyethylene, 162 thousand tons of ethylene, 480,000 tons of polypropylene, 300,000 tons of benzene, 700,000 tons of paraxylene, and 190,000 tons of sulfur.
Under the traction of this industrial
Chain, a series of projects will be launched one after another, including the 450,000 tons/year polyvinyl chloride project of Fujian Petrochemical Corporation with a total investment of 3.6 billion yuan, and Quanzhou Quangang Marine Polybenzene with a total investment of approximately 2 billion yuan. Polyresin Co., Ltd. Polystyrene Phase II Expansion and 600,000 tons/year Styrene Project, a total investment of 10.35 billion yuan Xianglufang aromatics (Xiamen) Corporation 800,000 tons/year paraxylene project, a total investment of 234 million USD Tenglong Resin (Xiamen) Co., Ltd. 360,000-ton/year non-fiber polyester project, Fujian Zhengxin Haiyan Tire Co., Ltd., with a total investment of 100 million US dollars, expanded 4 professional lines to produce 1 million sets of annual production lines of radial tires.
At present, China's synthetic resin output can only meet about 50% of market demand. The Fujian Refining and Chemical Integration Project was completed and put into production, which could add about 1.7 million tons of synthetic resin products to China.
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The so-called refining and chemical integration project, also called the petrochemical integration project, generally refers to the production of a series of petrochemical products starting from crude oil refining in a relatively concentrated area or management project, that is, a centralized and , Downstream comprehensive effect of energy, petrochemical, chemical projects. This type of production generally has the characteristics of high investment, large scale, advanced technology, abundant products, and close connection of the industrial chain. The ability to complete petrochemical integration projects often becomes a symbol of a country’s overall economic strength.
Our country has organized petrochemical integrated project production since the 1980s. The petrochemical integration projects currently under construction and under construction include Nanjing Yangba Integration Project, Tianjin Petrochemical Integration Project, Shanghai Secco Integration Project, and Guangdong Huizhou Integration Project. The common feature of these integrated projects is that they are mostly joint ventures. They are mostly completed in the form of expansion, and they are mostly used in the oil refining industry chain.
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