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About the Pan-Asia Saudi Petrochemical & Chemical Fiber Integrated Project

Company Profile
2018-07-17
Pan-Asia Saudi Co., Ltd. (Pan-Asia Saudi) was registered in Saudi Arabia in 2017. The company is headquartered in the Jazan City for Primary and Downstream Industries and has an office in Riyadh. Its
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Company Profile
2018-07-17
Pan-Asia Saudi Co., Ltd. (Pan-Asia Saudi) was registered in Saudi Arabia in 2017. The company is headquartered in the Jazan City for Primary and Downstream Industries and has an office in Riyadh.
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Project Overview
2018-07-17
The Project is located in the JCPDI. With a total investment of over USD 3.2 billion, the Project will be built in three phases. In Phase I and II, production plants and supporting utility facilities
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Project Overview
2018-07-17
The Project is located in the JCPDI. With a total investment of over USD 3.2 billion, the Project will be built in three phases. In Phase I and II, production plants and supporting utility facilities
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Development Pave
2018-07-17
The decision to invest in Saudi Arabia matches the trend of the time and the strategic plan of Full Apex.
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Formulate the next overall pla...
2018-07-17
June 2018: the PX Long-Term Supply Agreement be signed with Saudi Aramco. Late June 2018: heavy oil and utilities long-term supply agreements be signed.
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Project Progress

2019.09.08

2019.07.15

2019.06.05

2019.05.21

2019.04.24

2019.02.22

2019.01.29

2019.01.28

2018.10.23

2018.07.07

2018.04.24

2018.03.30

2018.01.14

2017.12.12-16

2017.08.24

2017.08.22

2017.07.13

2017.06.06

2017.03.16

2016.11.10

On September 8, 2019, the Piling Ceremony for the Phase I PET Plant of the Pan-Asia Saudi Petrochemical & Chemical Fiber Integrated Project was held at the project site in the JCPDI successfully.

On July 15th2019, a grand mobilization meeting was held with major parties concerned, including the technology licensors, civil engineering and construction contractors and equipment suppliers. Pan-Asia and those partners will make collective efforts to roll out the Project as scheduled.

On June 5th, 2019, a kick-off meeting of the Phase I of the Project is held. Pan-Asia and Kunlun, the contractor, have reached consensus that will achieve the operational goal of Phase I’s PET plant in full swing.

In May 2019, the permanent fence of the Project site was erected. Civil construction will be started soon.

On April 24th, 2019, a Land Lease Agreement was signed by Chairman Guan (left) and Dr. Nassif (right), CEO of the Royal Commission at Jazan.

the groundbreaking ceremony for the project was successfully held

2019.01.28：witnessed by the Saudi Crown Prince, Pan-Asia officially signed the PX Sale and Purchase Agreement with Saudi Aramco and signed the Loan Agreement with the SIDF at the NIDLP Launch Event.

Chairman Guan signed an Investment Agreement with H.E. Engr. Falih, the Minister for Energy of Saudi Arabia, at the Future Investment Initiative, marking a huge progress of the Project.

2018.07.07: Mr. Lin, vice president of Pan-Asia, met with officials of SAGIA to discuss government incentives for the Project.

Accompanied the Royal Commission to meet with the Department of Commerce of Guangdong Province

Signed a Cooperation Framework Agreement with HQC of PetroChina

Met with the Saudi Industrial Development Fund together with partners

Guangdong provincial leaders inspected the Project and met with Saudi government departments

Signed a Strategic Cooperation Agreement for the heavy-duty vessel project

Signed a Conditional Site Allocation Agreement with the Royal Commission