China: Plant Engineering Sinopec Launches Phase 1 of Gulei Refining Complex
Sinopec has launched the first phase of the Gulei refining complex in China. The complex, a 50:50 JV between Sinopec's Fujian Petrochemical Company and Taiwan Xuteng Investment Company, has invested 4.28 billion dollars for its development which will include an ethylene plant, a styrene unit and seven downstream petrochemical units.
Beijing/China – Sinopec has recently announced that it has launched the first phase of the Gulei refining complex in Fujian, China. A whooping 4.28 billion dollars has been invested for the development of the first phase which will include an 800,000 tons per annum ethylene plant, a 600,000 tons per annum styrene unit and seven other downstream petrochemical units.
The refining complex, jointly owned (50:50) by Sinopec's Fujian Petrochemical Company and Taiwan Xuteng Investment Company, aims to produce 18 different chemical products such as polypropylene, ethylene glycol and styrene with total output reaching 3 million tons per year. The products will cater to the plastics, clothing, textiles, electronics, instrument manufacturing and rubber industries located in Zhangzhou and its nearby regions.
Regarding the second phase, reports claim that Sinopec is looking to fast track the project. On completion of the project, the complex is expected to boost its annual ethylene capacity to 1.4 million tons and drive the total chemical output to 4.2 million tons.