About Pan-Asia Saudi Co., Ltd.
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 task is to prepare for and operate the Pan-Asia Saudi Petrochemical & Chemical Fiber Integrated Project.
About the Pan-Asia Saudi Petrochemical & Chemical Fiber Integrated Project
The Pan-Asia Saudi Petrochemical & Chemical Fiber Integrated Project (Project) locates in the Jazan City for Primary and Downstream Industries (JCPDI) in the southwest corner of Saudi Arabia. With a planned investment amounting to USD 3.8 billion, the Project will integrate petrochemical and chemical fiber products such as pure terephthalic acid (PTA), polyethylene terephthalate (PET) and fiber.
The Project will be built in three phases. For Phase I (construction lasts from October 2018 to August 2020), a 1.25mtpa PTA plant, 500ktpa PET plant and supporting heavy-duty vessel production project will be built. For Phase II (construction lasts from June 2019 to June 2021) a 1.25mtpa PTA plant and 500ktpa PET plant will be built. For Phase III (construction lasts from July 2021 to June 2024), a 200ktpa fiber plant, 200ktpa engineering plastics plant and 200ktpa flat thin film plant will be built.
The Project will occupy 1 square kilometers of land and create 2,500 direct jobs. It will make effective use of the abundant upstream resources of Saudi Arabia, create a link between the local upstream and downstream industries and further integrate the local PET industrial chain. As Saudi Arabia is at the crossroads of Asia, Europe and Africa, the products will enjoy easy access to the vast markets in the three continents, tapping into tremendous potential. Meanwhile, they will also effectively fill the supply-and-demand gap in the Saudi domestic market.
About Pan-Asia PET Resin (Guangzhou) Co., Ltd.
Pan-Asia Saudi is wholly owned by Pan-Asia PET Resin (Guangzhou) Co., Ltd. (Pan-Asia Guangzhou)—a specialized PET chip producer with an annual capacity of 300,000 tons. As a key chemical enterprise in the Guangzhou Economic and Technological Development Zone, Pan-Asia Guangzhou is in long-term partnership with renowned beverage producers from home and abroad, e.g. Coca Cola, Pepsi, Wahaha and Master Kong.
Pan-Asia Guangzhou is an affiliate of Full Apex Group, which was listed on the Singapore Exchange in 2003. The Group started out as a corrugated paper producer in the 1990s and has since established its foothold in the PET industry. Its affiliates include three PET bottle preform factories, producing 4.8 billion bottle preforms each year, five PET bottle factories, producing 4 billion bottles each year, and one corrugated paper factory, producing 100 million square meters of corrugated paper each year.