Sabic announced on 21 January that it has taken the final investment decision (FID) on a $6.4bn petrochemicals complex in China’s southern Fujian Province. This follows a 2018 MoU. Under the deal, Sabic (51%) and Fujian Fuhua Gulei Petrochemical (49%) will develop the complex based around a 1.8mn t/y mixed feed cracker. The complex will also include “world-class downstream facilities including Ethylene Glycols (EG), polyethylene (PE), polypropylene (PP), polycarbonate (PC),” among other units, says Sabic.

Construction is expected to begin in 1H 2024, with commissioning starting in 2H 2026 and lasting six months. This implies that the facility will be fully operational in 2027. Sabic says the project will be financed through a combination of its cash flow and debt. (CONTINUED - 168 WORDS)