The 71.1 billion yuan China-Saudi Gulei project is advancing steadily, with the key raw material supporting facilities completing mechanical completion.

2026-06-03 09:49:49 Source:ChemNet 中文

On May 28, the 500,000 tons/year dry gas separation unit of Fujian Fuhai Chuang Petrochemical Raw Material Adaptability Technical Revamp Project successfully completed intermediate handover. As a key raw material supporting facility for the Sinopec-SABIC Gulei Ethylene Project, this intermediate handover marks the project's departure from the civil engineering and installation phase and a full transition to trial production preparation and feedstock commissioning. It is not only a critical node for Fuhai Chuang to deeply tap into the value of by-products and extend the fine chemical industry chain, but also lays an important foundation for the optimization and upgrading of the Gulei Petrochemical Base industrial chain.

This unit is included in the list of key projects in Fujian Province and is a core project for Fuhai Chuang's transformation and upgrading, while also bearing the responsibility of stably supplying raw materials for the Sinopec-SABIC Gulei Ethylene Project. Upon completion and operation, the unit will enable resource-based purification and utilization of refining by-product dry gas, boosting the Gulei refining and chemical integration industry chain towards waste resource utilization and near-zero emissions, creating a practical model for energy conservation, carbon reduction, and green transformation in the domestic petrochemical industry. As the unit officially enters the commissioning preparation cycle, the project general contractor stated that subsequently, they will coordinate with all participating parties to refine the commissioning plan, strictly adhere to safety and process standards, and fully ensure the successful one-time feedstock startup of the unit, aiming to achieve full-load stable production as soon as possible and empower the quality improvement and efficiency enhancement of the entire Gulei industrial chain.

Relying on the completion of this supporting facility, the construction process of the Sinopec-SABIC Gulei Refining and Chemical Integration Phase II Project has simultaneously accelerated. With a total investment of 71.1 billion yuan, the project is jointly constructed by Sinopec, Fujian Refining & Chemical Company, and Saudi Aramco. The joint venture platform, Fujian Sino-Arab Refining & Chemical Company, was officially inaugurated in Gulei in November 2025, and the project has entered the substantive construction phase.

Various preliminary works of the project are landing in an orderly manner according to the nodes. In February 2026, the overall design of the project passed expert review in Beijing; on May 25, the construction contractor for the relevant sections of the main plant area foundation pretreatment was finalized, with Jiangsu Huanleng Environmental Technology successfully winning the bid. Regarding site construction, since January this year, the multi-block soft foundation pretreatment works of the project have started in batches; in February and March, supporting work such as the wharf shoreline review and on-site surveys were successively completed, and the rhythm of the entire project construction is advancing steadily.

The project plans to build over 30 refining and chemical production units, including 16 million tons/year refining, 1.5 million tons/year ethylene, and 2 million tons/year aromatics, along with supporting infrastructure such as utilities, plant pipe racks, deep-water wharves, and storage tank farms. Upon full completion, the project will address the shortcomings of the Fujian petrochemical industry, build a complete integrated industrial cluster of refining-olefins-aromatics upstream and downstream, and play a key role in strengthening the independent supply guarantee of domestic chemical raw materials and reinforcing the security and resilience of the industrial chain and supply chain. It is also a landmark project for the deepening of strategic cooperation in the energy industry between China and Saudi Arabia.

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Product name Price (yuan/ton) Price Limit
MEK 7900.00 -12.87%
Ethylene oxide 6800.00 -10.53%
Lithium hydroxide 140000.00 -10.26%
Lithium carbonate 160000.00 -10.11%
Isobutyraldehyde 6733.33 -9.82%
Ammonium sulfate 1503.33 -9.80%
Lithium carbonate 158000.00 -9.71%
ECH 10400.00 -8.77%
Lithium hydroxide 152000.00 -8.43%
Adipic acid 8366.67 -8.06%
Propylene glycol methyl ether 8883.33 -7.85%
TDI 14800.00 -7.31%
Sulfamic Acid 4630.00 -7.21%
Aniline 9525.00 -7.19%
Sulfur 8033.33 +7.11%