Aramco, China Petroleum & Chemical (SINOPEC), and Fujian Petrochemical Co. Ltd (FPCL) have broken ground on a new integrated refining and petrochemical complex in Fujian Province, China. The facility is planned to have a 16 mta oil refining unit (320 kbpd), a 1.5 mta ethylene unit, a 2 mta paraxylene and downstream derivatives capacity, and a 300 000 ton crude oil terminal. FPCL, a 50:50 joint venture (JV) between SINOPEC and Fujian Petrochemical Industrial Group Company, will own a 50% stake in the complex, with Aramco and SINOPEC each taking a 25% stake. The project is expected to be fully operational by the end of 2030.