On June 20, the public participation information on social stability risks of the second phase of the Fujian Gulei Refining and Chemical Integration Project was announced.
Project name: Fujian Gulei Refining and Chemical Integration Project Phase II Project
Project location: “Refining and chemical integration and supporting project area” planned at Gulei Petrochemical Base in Zhangzhou, Fujian
Type of construction: new construction
Construction scale: The project covers a total area of 697.3 hectares.
Construction content: Including 16 million tons/year oil refining, 1.5 million tons/year ethylene, 2×1.6 million tons/year aromatics combined unit and downstream supporting refining chemical equipment, oil and coal gas production equipment, etc.; supporting public engineering systems and auxiliary facilities etc.; supporting systems outside the factory include terminals, product tank areas, pipe galleries, coal transportation trestles and other projects
Construction period: 3 years
The total investment submitted for project approval is 73.29 billion yuan (excluding value-added tax).
Introduction to the first phase of the Gulei refining and chemical integration project
The Gulei Refining and Chemical Integration Project is the largest petrochemical industry joint venture between mainland China and Taiwan. It is implemented by Fujian Gulei Petrochemical Co., Ltd., a joint venture established by Fujian Refining and Chemical Co., Ltd. and Xuteng Investment Co., Ltd. each holding 50% of the shares.
The first phase of the project started in December 2017 and will be completed and put into operation in mid-to-late August 2021. The total investment of the project is 27.8 billion yuan, and the estimated annual output value is 26 billion yuan. It can stimulate the local downstream industry of more than 100 billion yuan and become an all-round promotion in Fujian. The “new engine” for high-quality development and transcendence.
The first phase of the project construction includes a million-ton ethylene unit, a 100,000-ton/year ethylene oxide/ethylene glycol unit, a 600,000-ton/year styrene unit, a 350,000-ton/year polypropylene unit, and a 300,000-ton/year polypropylene unit. Ton/year ethylene-vinyl acetate resin plant, 100,000 tons/year thermoplastic elastomer plant and other 9 sets of chemical plants and supporting public works.
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