总投资711亿元！炼化一体化项目进入实质运营！

Core Viewpoint - The establishment of Fujian Zhong-A Refining and Chemical Co., Ltd. marks a significant milestone in Sino-Saudi energy cooperation, with a total investment of 71.1 billion RMB, indicating the project's transition into the operational phase [2][4]. Group 1: Company Overview - Fujian Zhong-A Refining and Chemical Co., Ltd. was officially registered on September 4, 2025, with a registered capital of 28.8 billion RMB. The ownership structure includes Fujian Refining holding 50%, Sinopec holding 25%, and Saudi Aramco's subsidiary holding 25% [6]. - The core operational project is the second phase of the Fujian Gulei integrated refining project, which is the largest single investment refining project by Sinopec and the largest industrial project in Fujian Province [6]. Group 2: Project Details - The Gulei refining phase II project plans to construct a refining capacity of 16 million tons per year, along with 1.5 million tons per year of ethylene and 2 million tons per year of paraxylene, supported by a 300,000-ton crude oil terminal [6]. - Upon completion, the project is expected to process 16 million tons of crude oil annually, producing 2.88 million tons of aviation fuel and marine fuel, as well as 12.7 million tons of polyolefins and other chemical products [6]. - The project aims to fill the raw material gap in Fujian's petrochemical industry and is projected to drive over 200 billion RMB in upstream and downstream investments, significantly boosting the Gulei petrochemical base's output value to over 300 billion RMB [6]. Group 3: Strategic Importance - The collaboration between Saudi Aramco and China has expanded to include partnerships with companies like Rongsheng Petrochemical and the establishment of HAPCO, reflecting a growing synergy in the energy sector [7]. - The increasing trade volume between China and Saudi Arabia, along with Saudi Arabia's public investment fund investing over 22 billion USD in China, highlights the strategic importance of energy cooperation as a core component of the Belt and Road Initiative and Saudi Vision 2030 [7].