Sinopec and Saudi Aramco signed a cooperation framework agreement on the second phase of the Fujian Gulei project on the 10th. The second phase of the project plans to build 16 million tons/year of oil refining, 1.5 million tons/year of ethylene cracking and integration of downstream derivatives The device is expected to be completed and put into operation by the end of 2025.
Photo source: Photo.com_500746610 (not related to the picture)
At the same time, Sinopec signed a memorandum of understanding on cooperation with Saudi Aramco and Saudi Basic Industries Corporation . intends to jointly develop and convert liquid raw materials into chemical products in Yanbu, Saudi Arabia The large-scale project , which will achieve collaborative optimization with the Yanbu Refinery.
Sinopec president Yu Baocai said that this cooperation is a new milestone based on the existing cooperation, which fully demonstrates the high degree of mutual trust and mutual recognition of all parties, and also strengthens the confidence in jointly coping with energy transformation.
Saudi Aramco is a globally integrated energy and chemical company and one of the largest oil companies in the world with employees all over the world. SABIC is one of the world's leading diversified chemical companies, headquartered in Riyadh, Saudi Arabia. The company's manufacturing plants are located all over the world, and its products cover chemicals, general and high-performance plastics.
editor| Duan Lian Du Bo
proofreading| Zhang Yiming
Source of article: Xinhua News Agency
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