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On December 20, the first large-scale equipment of the Sino-Saudi Ghulayyeth ethylene project, the ethylene tower, was successfully lifted, marking the entry of the project into the installation phase. The ethylene tower is one of the core equipment in the project’s leading ethylene plant. With a height of 95 meters and a diameter of 6.4 meters, its net weight is nearly 900 tons. It was successfully delivered to the site of the ethylene plant on November 18, 2024, where work such as insulation, installation of protective measures, and setup of pipelines connected to the tower began. It was the first large-scale, oversized piece of equipment to arrive at the project site. It is reported that the total investment in this project amounts to approximately 44.8 billion yuan, and it will involve the construction of a complex at the Gulei Petrochemical Base capable of producing up to 1.8 million tons of ethylene per year, along with facilities for its further processing. The project is expected to be completed by 2026, and its products will find wide applications in fields such as electronics and electrical engineering, artificial intelligence, communications, healthcare, the automotive industry, and new materials. They will not only meet the market’s demand for high-end chemical products but also create additional investment opportunities downstream in the industrial chain.