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Fujian Fuhua Gulei Petrochemical sets up joint venture with SABIC

Fujian Fuhua Gulei Petrochemical, a state-owned petrochemical company, will develop a joint venture with SABIC, a Saudi chemical manufacturing company that is majority-owned by Aramco, to build a petrochemical complex in southeastern China’s Fujian province. The complex is expected to produce 1.8 million metric tons of ethylene per year and will expand Sabic’s manufacturing presence in Asia.