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The author learned from Gulei Development Zone, Zhangzhou, Fujian Province that the joint venture between the global petrochemical giant Saudi Basic Industries Corporation (SABIC) and Fujian Energy and Chemical Group Fujian Zhongsha Petrochemical Co.
It is reported that the joint venture contract of the Zhongsha Gulei ethylene project with an investment of about 40 billion yuan will be signed in 2021
Gulei Development Zone is one of the seven petrochemical industry bases in the country and the only Taiwan petrochemical industrial park in mainland China confirmed by the National Development and Reform Commission
SABIC is a leader in the global chemical industry and the first company among the top 5 global chemical companies to settle in Gulei