The total investment is 42.07 billion yuan!

It was reported on June 4 that the Zhongsha Gulei Ethylene Project, a 1.
5 million t/a ethylene and downstream deep processing consortium project with a total investment of 42.
07 billion yuan, was officially approved by the Provincial Development and Reform Commission, marking that Fujian Province has so far The largest Sino-foreign joint venture project with one-time investment has officially landed in Zhangzhou Gulei Development Zone, and will accelerate its construction and implementation stage
.

As the third batch of national major foreign investment projects and the second round of national key projects of Sino-Saudi production capacity and investment cooperation, the project is jointly constructed by Saudi Basic Industries Corporation (SABIC), Fujian Neng Hua Group and Zhangzhou Jiulongjiang Group.
Gulei Petrochemical Base invests in the construction and operation of a world-class large-scale petrochemical complex, builds an ethylene plant with an annual output of 1.
5 million tons, and simultaneously builds a series of downstream production plants.

The "Environmental Impact Report of Fujian Gulei 1.
5 million tons/year ethylene and downstream deep processing complex project" previously announced on the website of Gulei Development Zone in Zhangzhou, Fujian disclosed the details of the project
.

The project builds a new 1.
5 million tons/year ethylene plant
.
Ethylene is produced by steam cracking, thereby extending the product chain and producing downstream petrochemical products
.
The main products include ethylene tar, cracked C5, butadiene, styrene, toluene, ethylene oxide, monoethylene glycol, diethylene glycol, polyethylene, polypropylene, polycarbonate,
etc.

Ethylene industry chain: The production scale of ethylene is 1.
5 million tons/year, and the downstream planning is to build 10/1 million tons/year ethylene oxide/ethylene glycol, 400,000 tons/year HDPE, 600,000 tons/year mLLDPE/HDPE and 50,000 tons/year mLLDPE/HDPE.
10,000 tons/year of hexene-1
.

Propylene industry chain: production of 852,800 tons/year of propylene and monthly purchase of 160,000 tons of propylene, totaling 1,012,800 tons/year, downstream construction of 400,000 tons/year of polypropylene (impact/random) and 550,000 tons/year of polypropylene Propylene (homopolymer/random), 25/150,000 tons/year of phenolacetone, 270,000 tons/year of bisphenol A, and 290,000 tons/year of polycarbonate
.