The Progress of the SABIC-Gulei Ethylene Project
2025-4-28
On April 24th, after inspecting the site of the SABIC-Gulei Ethylene Project in China, Abdulrahman Al-Fageeh, CEO of Saudi Basic Industries Corporation (SABIC), sent a letter of thanks to Fujian Energy and Petrochemical Group, expressing gratitude for the "Chinese speed" in the project¡äs construction.
On February 19th, 2024, the main project of the SABIC-Gulei Ethylene Project officially commenced construction, and the first pile was driven on March 1st. Since then, with the joint efforts of both shareholders, the project construction has been carried out vigorously and has made great progress. In just one year, it has achieved remarkable progress with an overall progress of over 50%. On the eve of the Spring Festival in the Year of the Snake, the five ethylene towers achieved the milestone of "towers erected and lights on" in just 32 days, setting a new record in China¡äs petrochemical industry. On April 2nd, 44 large spherical tanks in Tank Farm No. 1 were fully capped, creating another new domestic construction record. Currently, the largest, tallest, and heaviest equipment of the project, the EO/EG unit scrubber, has been transported to the site, and preparations for the operation are underway. It will be hoisted soon.
The SABIC-Gulei Ethylene Project in China is the largest Sino-foreign joint venture project with a single investment in Fujian Province to date. It is jointly invested and constructed by Saudi Basic Industries Corporation (SABIC), Fujian Energy and Petrochemical Group, and Zhangzhou Jiulongjiang Group. The construction content includes a world-class 1.5 million tons per year ethylene plant (with an expected maximum annual ethylene production capacity of up to 1.8 million tons), as well as downstream deep processing complex units, etc. The total investment is 44.8 billion yuan (approximately 6.4 billion US dollars). The project held a comprehensive groundbreaking ceremony for the main project on February 19th, 2024 and is expected to be completed in 2026.
On February 19th, 2024, the main project of the SABIC-Gulei Ethylene Project officially commenced construction, and the first pile was driven on March 1st. Since then, with the joint efforts of both shareholders, the project construction has been carried out vigorously and has made great progress. In just one year, it has achieved remarkable progress with an overall progress of over 50%. On the eve of the Spring Festival in the Year of the Snake, the five ethylene towers achieved the milestone of "towers erected and lights on" in just 32 days, setting a new record in China¡äs petrochemical industry. On April 2nd, 44 large spherical tanks in Tank Farm No. 1 were fully capped, creating another new domestic construction record. Currently, the largest, tallest, and heaviest equipment of the project, the EO/EG unit scrubber, has been transported to the site, and preparations for the operation are underway. It will be hoisted soon.
The SABIC-Gulei Ethylene Project in China is the largest Sino-foreign joint venture project with a single investment in Fujian Province to date. It is jointly invested and constructed by Saudi Basic Industries Corporation (SABIC), Fujian Energy and Petrochemical Group, and Zhangzhou Jiulongjiang Group. The construction content includes a world-class 1.5 million tons per year ethylene plant (with an expected maximum annual ethylene production capacity of up to 1.8 million tons), as well as downstream deep processing complex units, etc. The total investment is 44.8 billion yuan (approximately 6.4 billion US dollars). The project held a comprehensive groundbreaking ceremony for the main project on February 19th, 2024 and is expected to be completed in 2026.