Mega China-Saudi Arabia chemical project kicks off construction
STORY: Mega China-Saudi Arabia chemical project kicks off construction
DATELINE: March 31, 2023
LENGTH: 0:00:52
LOCATION: SHENYANG, China
CATEGORY: ECONOMY
SHOTLIST:
1. various of the ceremony
2. various of the chemical project
STORYLINE:
Construction of a major chemical project jointly invested by China and Saudi Arabia started Wednesday in Panjin, northeast China's Liaoning Province.
The total investment of the project is 83.7 billion yuan (about 12.2 billion U.S. dollars).
Saudi Aramco holds a 30 percent stake, while two Chinese companies have the rest.
After being put into operation, the project is expected to become a world-class petrochemical and fine chemical industry base in China.
The joint venture Huajin Aramco Petrochemical Company (HAPCO) will be completed in 2025. It's expected to have an annual oil refining capacity of 15 million tonnes, and an annual production capacity of 1.65 million tonnes of ethylene and 2 million tonnes of P-xylene (PX).
Xinhua News Agency correspondents reporting
- Product Code
- ILEA001257807
- Registered date
- 2023/3/31 00:00:00
- Credit
- Xinhua / Kyodo News Images
- Media source
- Xinhua News Agency.All Rights Reserved
- Media size
- 1920 × 1080 pixel
- Deployment size
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