SABIC announces final investment decision for the SABIC Fujian Petrochemical Complex

SABIC, a global leader in diversified chemicals, today announced the final investment decision (FID) for the SABIC Fujian Petrochemical Complex (Sino-Saudi Gulei Ethylene Complex Project) in China's Fujian province. 

SABIC FUJIAN Petrochemicals Co. Ltd, a 51:49 joint venture between SABIC Industrial Investment Company (wholly owned by SABIC) and Fujian Fuhua Gulei Petrochemical Co., Ltd. (holding by Fujian Energy and Petrochemical Group) decided to build the Complex in Fujian's Gulei Industrial Park. With an estimated total investment of RMB 44.8 billion (USD 6.4 billion), it is another centerpiece of SABIC's investment footprint in China and by far the largest foreign investment in Fujian. The complex will consist of a mixed feed steam cracker, with an expected annual ethylene capacity up to 1.8 million tons, with a series of world-class downstream facilities, including ethylene glycol (EG), polyethylene (PE), polypropylene (PP), polycarbonate (PC), and several other units. The construction of the project targets to complete in 2026.