Aramco, Sinopec, and SABIC Expand Refining and Petrochemical Cooperation
Aramco, China Petroleum and Chemical Corporation (“Sinopec”), and SABIC are exploring collaboration across refining and petrochemical projects in China and Saudi Arabia. Aramco and Sinopec, one of the world’s largest energy and petrochemical corporations, have signed heads of agreement for a greenfield project in Gulei, Fujian Province, which plans to include a 320,000 barrels-per-day refinery and 1.5 million tons-per-year petrochemical cracker complex.