The Fujian ethylene project-a JV of Sinopec, Exxon Mobil and Saudi Arabian Oil- is expected to start operations in the Q1 of 2009. The project's construction will see completion by end of 2008. Sinopec earlier planned to double the project's capacity between 2010 and 2015 to meet China's growing oil demand. Sinopec, along with Fujian Provincial Government own 50% stake in the JV with the remaining equally held by Exxon Mobil and Saudi Arabian Oil. The Fujian ethylene project is believed to have processing capacity of 241,000 bpd.
10-Oct-08 
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