SABIC signs MoU with Fujian government to explore world-scale petrochemical complex
Key highlights
- MoU signed on 11 September 2018 between SABIC and the Fujian Provincial Government.
- The agreement establishes a cooperation framework to enable development of a world-scale petrochemical complex in Fujian.
- The MoU does not specify definitive timelines for project development.
- The move is part of SABIC’s strategy to diversify operations and expand its presence in the Chinese market.
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SABIC Fujian Petrochemical Complex, Gulei, Zhangzhou · China
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2026 Q4
Agreement
Saudi Basic Industries Corporation (SABIC) signed a Memorandum of Understanding with the Fujian Provincial Government of the Republic of China on 11 September 2018.
Scope
The MoU sets out a framework of cooperation intended to enable SABIC to develop a world-scale petrochemical complex located in Fujian.
Timing and intent
The memorandum does not include definitive timelines. SABIC describes the MoU as part of its strategy to diversify operations, pursue new investment opportunities and strengthen its position in the Chinese market.
Source: sabic.com