Fujia Group and China Huayang Economic and Trade Group Co. Ltd have signed a strategic cooperation agreement to jointly establish a 20 million mt/year (400,000 bbl/day) refining-chemical complex in Dalian city in northeast China’s Liaoning province. According to the agreement signed on November 9, 2018, the complex will be located on the Changxing Island in Dalian, and will introduce a total foreign capital of 1 billion US dollars. The project will mainly produce aromatics, ethylene, propylene and high-end and high value-added chemical products, to form a complete industrial chain development model from crude oil to chemical products, which will have a huge chain effect on the economic development of Dalian and the Changxing Island. At present, the project is still in a very early phase, and the previous plan of the Changxing Island Petrochemical Base stated that ‘by 2030, the scale of refining and chemical integration will reach 40 […]