Fujian Integrated Refining and Ethylene Joint Venture Project complete

11-Nov-09

ExxonMobil and its partners, Sinopec and Saudi Aramco, have celebrated the full operation of China’s first integrated refining and petrochemical facility with foreign participation. This facility, the Fujian Integrated Refining and Ethylene Joint Venture Project, will help meet the region’s growing need for fuels and chemical products. With an investment outlay of over US $4.5 bln tripled the capacity of the existing refinery to 240,000 bpd to produce transportation fuels and other refined products. In addition, the project added a new petrochemical complex that includes an 800,000 tpa ethylene steam cracker, an 800,000 tpa polyethylene unit, a 400,000 tpa polypropylene unit and a 700,000 tpa paraxylene unit. The complex also features a state-of-the-art 250 megawatt cogeneration facility, which will meet the majority of the site’s power demands. Cogeneration is the simultaneous production of electricity and useful heat or steam from waste energy, resulting in lower operating costs and significantly reduced greenhouse gas emissions. The complex is jointly owned by the Fujian Petrochemical Co Ltd. (50%), ExxonMobil China Petroleum and Petrochemical Co. Ltd. (25%) and Saudi Aramco Sino Co. Ltd. (25%).