【Haichuan Chemical Project Information】SABIC will build a thermoplastic engineering plastic alloy factory in Fujian

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On August 6, Saudi Basic Industries Corporation (SABIC) announced that it had signed an investment agreement with Fujian Province, planning to build a plant for producing thermoplastic engineering plastic alloys in that province. The new factory under this plan is located in the Gulei Port Economic Development Zone in Zhangzhou, Fujian, and will primarily produce LEXAN™ polycarbonate (PC) and CYCOLOY™ PC/ABS blended modified particles. The production facility will be equipped with blending lines and testing equipment, as well as color mixing capabilities, to provide material solutions that meet the needs of markets such as consumer electronics and electrical appliances, the automotive industry, as well as emerging fields like photovoltaics, electrification, and 5G. This is not the first time that SABIC has located a project in Fujian. On February 19, 2024, SABIC, in partnership with Fujian Energy & Petrochemical Group, commenced construction on the main phase of the Zhongsha Gulei Ethylene Project, a complex designed to produce 1.5 million tons of ethylene per year along with various downstream products. The total investment in this project is around 44.8 billion yuan, and it is expected to be completed by 2026. This is the largest Sino-foreign joint venture project in Fujian Province to date, as well as the first major project in China in which a local provincial enterprise has entered into a direct partnership with a world-leading petrochemical giant. In December 2017, SABIC signed a memorandum of understanding on joint cooperation with the former Fujian Petrochemical Group, taking the first step in this direction ； In September 2018, the Fujian Provincial Government and SABIC signed an investment memorandum (MOU) ； In September 2019, the Zhongsha Gulei ethylene project was included in the list of reserve projects under the **Petrochemical Industry Planning and Layout Plan (Revised Version)**, and was part of the third batch of key foreign-investment projects… In January 2024, Saudi Basic Industries Corporation issued a statement confirming the final investment decision, marking the start of full-scale construction of the project. Currently, Saudi Basic Industries Corporation SABIC has a technology R&D center in Shanghai, and three factories in Guangzhou, Shanghai, and Chongqing, with its operations spanning 17 cities across the country. In the future, the new factory will create synergies with SABIC’s two existing joint ventures – Zhongsha (Tianjin) Petrochemical Co., Ltd. and Fujian Zhongsha Petrochemical Co., Ltd. – to offer differentiated solutions and products. In mid-September 2023, the 260,000 tons per year polycarbonate (PC) production project of Sino-Saudi (Tianjin) Petrochemical was put into commercial operation in the Tianjin Nangang Industrial Zone. Among them, the Tianjin PC plant in Zhongsha has a production capacity of 260,000 tons per year; it features 2 production lines, each with a capacity of 130,000 tons per year. The SABIC phosgene-free melt transesterification process is used in this plant, which is supported by an upstream bisphenol A production facility with a capacity of 240,000 tons per year. The manufacturer’s products are primarily sold by Sinopec and SABIC together. As it expands its operations in the Chinese market and sees continued growth in its business, SABIC will continue to leverage its strengths in manufacturing and supply, working together with partners to drive innovative development in the chemical industry both in China and around the world.