By the OGJ Online Staff
HOUSTON, Nov. 15 -- Fujian Petrochemical Co. Ltd. (FPCL), ExxonMobil China Petroleum & Petrochemical Co. Ltd., and Aramco Overseas Co. BV are submitting a feasibility study for the Fujian petrochemical project to China's Development Planning Commission.
The integrated project would be built at the FPCL refinery in Quangang, Fujian Province. FPCL is a joint venture between China Petroleum & Chemical Corp. (Sinopec) and Fujian province.
FPCL will have 50% of the Fujian venture and ExxonMobil and Saudi Aramco will have 25% each. The project will involve the construction of a world-scale ethylene steam cracker and polyethylene and polypropylene units, together with chemical derivatives manufacturing units and related distribution and marketing facilities.
The petrochemical complex will be integrated with the refinery, which will be expanded to 240,000 b/d from 80,000 b/d. The expanded refinery will be complemented by a petroleum products marketing joint venture that will supply wholesale and retail products throughout Fujian province. The three companies also will be the owners of the marketing joint venture.
