China-Saudi chemical project breaks ground in Liaoning

A chemicals and raw materials project jointly built by China and Saudi Arabia officially began construction on Wednesday in Liaobin Coastal Economic and Technological Development Zone of Panjin, Liaoning province.

The project is jointly funded by Huajin Group, a subsidiary of China Northern Industrial Group, Saudi Aramco and Panjin Xincheng Group. It is implemented by Huajin Aramco Petrochemical Co, Ltd. and covers an area of 8.9 square kilometers with a total investment of 83.7 billion yuan. The project will feature oil refineries with capacity for 15 million tons per year, 32 sets of process units such as ethylene and PX, and supporting utilities and auxiliary facilities, according to the group.

"The commencement of major projects is a symbol of Liaoning's efforts to achieve new breakthroughs and a microcosm of our new journey of forging ahead in a new era," Liaoning governor Li Lecheng said.