The fine chemicals and raw materials project implemented by China in cooperation with the Kingdom of Saudi Arabia entered the construction phase today, Wednesday, in Bangin, Liaoning province in northeastern China. The project covers an area of 8.9 square kilometers, with a total investment of 83.7 billion yuan, and aims to build 32 sets of oil processing and refining and ethylene plants with an annual production of 15 million tons. It features advantages of integration between the refining process, chemical processing, and green development. It is expected to be completed by 2025, and its annual sales revenue is projected to exceed 100 billion yuan after it becomes operational, according to CGTN.
Chinese-Saudi Cooperation in the Petrochemical Sector
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