Gulei Petrochemical’s Refining and Chemical Integration Phase II Project Approved
2024-7-18
On July 16th, the Fujian Provincial Development and Reform Commission officially approved the second phase of the Gulei Petrochemical’s Refining and Chemical Integration Project, marking the official landing of the largest industrial project in Fujian Province to date.
The construction of Gulei’s Phase II project is of great significance to actively integrate into the national development strategy and promote the joint development of the "the Belt and Road" initiative. It will be conducive to promoting the high-quality development of the trillion-dollar pillar industry of Fujian Petrochemical and Chemical Industry, accelerating the construction of Fujian′s modern economic system and solving the raw material source of the Gulei Phase I project.
As an important part of the new pattern of China Saudi Arabia energy cooperation, Gulei’s Phase II project is invested at over 71.1 billion yuan. The project covers more than 30 sets of refining units, including 16 million tons/year oil refining, 1.5 million tons/year ethylene, and 2 million tons/year aromatic hydrocarbons, as well as supporting public engineering systems and dock berths. The expected annual output value is about 80.8 billion yuan.
The project adopts advanced, mature, and reliable process technology. After completion, it will be conducive to the development of Gulei Petrochemical Base in accordance with the industrial park, refining and chemical integration, equipment scale, product high-end, and modern management development route as the company strives to build it into a world-class petrochemical base.
The construction of Gulei’s Phase II project is of great significance to actively integrate into the national development strategy and promote the joint development of the "the Belt and Road" initiative. It will be conducive to promoting the high-quality development of the trillion-dollar pillar industry of Fujian Petrochemical and Chemical Industry, accelerating the construction of Fujian′s modern economic system and solving the raw material source of the Gulei Phase I project.
As an important part of the new pattern of China Saudi Arabia energy cooperation, Gulei’s Phase II project is invested at over 71.1 billion yuan. The project covers more than 30 sets of refining units, including 16 million tons/year oil refining, 1.5 million tons/year ethylene, and 2 million tons/year aromatic hydrocarbons, as well as supporting public engineering systems and dock berths. The expected annual output value is about 80.8 billion yuan.
The project adopts advanced, mature, and reliable process technology. After completion, it will be conducive to the development of Gulei Petrochemical Base in accordance with the industrial park, refining and chemical integration, equipment scale, product high-end, and modern management development route as the company strives to build it into a world-class petrochemical base.