76.4 billion yuan invested! Public announcement on the Sino-Saudi joint Panjin Chemicals project
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The bidding process for the process packages of this project officially entered the stage of bid opening and evaluation on October 9, 2019, with all bidding tasks for the process packages completed by the end of 2019. The tendering for the process package is an important step in advancing the overall project design; it serves as a crucial foundation for determining the overall process route, and it is also a necessary prerequisite for carrying out the preliminary design phase. The total contract value for the overall design of this project is 150 million yuan, to be undertaken by Sinopec Engineering Construction Co., Ltd. In June 2013, the **Development and Reform Commission issued a reply approving the initiation of preliminary work for this project. In August and September 2014, it was included in the list of key industrial projects for the revitalization of the Northeast region as well as in the planning framework for the petrochemical industry. After completing all the necessary preliminary steps, including site selection, preliminary reviews regarding land and sea use, approval for environmental impact assessments, and evaluations of social stability risks, the **Development and Reform Commission gave its approval for this project in July 2015. On May 16, 2017, a joint development agreement was signed for the construction of the Ordnance Industry Group’s fine chemicals and raw materials project, carried out through a partnership between China North Industries Group Corporation, Saudi Aramco, and Panjin Xincheng Industrial Group Co., Ltd.; a groundbreaking ceremony was also held at that time. (**Petroleum and Chemicals Network**)
Panjin Refining has enough already ::( :(
The overall institute seems to belong to SEI; last July when I was on a business trip in Beijing, I met someone from Panjin at SEI. The number of staff assigned to the project is small, but the compensation is quite high.
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