Project Overview

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 for a combined capacity of 2.5mtpa of PTA and 1mtpa of PET will be built. In Phase III, a 200ktpa PBT plant and a 200ktpa polyester chemical fiber plant will be built. 

Please see below the detailed plan:

Phase I (August 2018-August 2020):

Petrochemical project: a 1.25mtpa PTA plant, a 500ktpa PET plant and supporting utility facilities.

Total investment: USD 1.04 billion.

Combined annual output value: USD 1.88 billion.

Occupied area: 546,000 m².

Staffing: 568 people.

Heavy-Duty Vessel Project:  

Heavy-duty vessel facilities will be built to support the petrochemical project as well as other plants in the JCPDI.

Total investment: USD 100 million.

Annual output value: USD 120 million.

Occupied area: 111,000 m².

Staffing: 280 people.

Phase II (June 2019-June 2021): 

Production scale and economic benefit will be expanded by utilizing the utility facilities built in Phase I.   

Petrochemical project: a 1.25mtpa PTA plant and a 500ktpa PET plant.

Total investment: USD 920 million.

Combined annual output value: USD 1.81 billion.

Occupied area: 53,000 m².

Staffing: 206 people.

Phase III (July 2021-June 2024):

Expanding to the chemical fiber industry by making full use of upstream raw material advantages.

Plants: a 200ktpa PBT plant and a 200ktpa polyester chemical fiber plant.

Total investment: USD 100 million.

Combined annual output value: USD 880 million.

Occupied area: 168,000 m².

Staffing: 1460 people.

After all of the three phases are built, a petrochemical and chemical fiber industrial cluster will be formed. While complementing the petrochemical and polyester industrial chain of Full Apex, the Project will also fill the blank in the petrochemical industry of Saudi Arabia. Apart from environmental impact assessment, security risk assessment and fire protection assessment, which need to abide by Saudi requirements, all other designs can follow industrial or Chinese standards. 80% of the equipment and materials are planned to be purchased in China, which will drive the development of the supporting industries in China. The aim is to forge a model project for Belt and Road investment projects in the Middle East.