The total investment is 42.07 billion!

A few days ago, Fujian Gulei 1.
5 million tons/year ethylene and downstream deep processing complex project (Zhongsha Gulei ethylene project) with a total investment of 42.
07 billion yuan was officially approved by the Provincial Development and Reform Commission, marking the largest one-time investment Sino-foreign joint venture project in Fujian Province so far.
Officially landed in Gulei Development Zone, and will accelerate into the 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 organized by Saudi Basic Industries Corporation (SABIC), Fujian Nenghua Group and Zhangzhou Jiulongjiang Group at a rate of 51%: 25 %: 24% equity ratio of joint venture construction, will invest in the construction and operation of a world-class large-scale petrochemical complex in Gulei Petrochemical Base, build an ethylene plant with an annual output of 1.
5 million tons, and at the same time build a series of downstream production plants.
The world's advanced technology and a number of patented technologies are used for the first time in China, filling the domestic gap
.
The energy utilization, three wastes and CO₂ emission indicators of the project are much better than the advanced level in the same industry, leading in the world.
It has the characteristics of good economic benefits, more high-end products, less energy consumption and emissions, large scale of installations, and strong downstream driving
.

Since the project was launched in 2017, the provincial party committee and the provincial government have attached great importance to and cared about it.
The relevant departments directly under the provincial government have served and given strong guidance.
All parties in the project have worked together and cooperated sincerely.
Promote continuous breakthroughs in the preliminary work of the project until it is approved
.

The construction of this project is of great significance to promoting the joint construction of the "Belt and Road" initiative, promoting the high-quality development of China's petrochemical industry, improving the domestic high-end chemical supply capacity, and promoting the construction of the Gulei petrochemical base into a world-class petrochemical industry base
.
Gulei Development Zone will go all out to advance all preparatory work before the start of construction to ensure that the project will start on-site in June this year.
In order to ensure good results in the second quarter and "double over half" in the first half of the year, it will consolidate the foundation of the project, help optimize the business environment, and strengthen foreign investors.
investment confidence
.