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The plant’s production capacity reaches 1.8 million metric tons annually and includes 16 units for derivatives
Abdulrahman Al-Fageeh, CEO of Saudi Basic Industries Corp. (SABIC), said that production at the Fujian project in China will begin in the second half of 2026.
In statements to Al Arabiya Business, the top executive added that the project’s completion rate reached 87% by the end of Q3 2025.
The plant’s production capacity reaches 1.8 million metric tons annually and includes 16 units for derivatives, for which the company deployed 12 technologies (9 of them owned by SABIC), according to the CEO.
He noted that the plant will serve advanced industries, providing products and solutions to the factories that will be established in the Gulei Park complex in China.
The project is ahead of its scheduled timeline and within its approved budget, said Al-Fageeh, adding that the financial impact of the plant will be announced next year.
According to data available with Argaam, SABIC announced in January 2024 its final investment decision to proceed with developing a petrochemical complex in Fujian, China, at an estimated cost of $6.4 billion.
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