Huajin Aramco Petrochemical Begins Construction of Major Petrochemical Complex in China

KOFU, JAPAN--April 4, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--The joint venture Huajin Aramco Petrochemical Panjin Complex is an upcoming petrochemical complex located in Liaoning, China. The total investment of the project is US$12.2 billion, with North Huajin Chemical Industries Group Corporation and Panjin XinCheng Industrial Group holding a 51% and 19% stake, respectively, and Saudi Aramco (Dhahran, Saudi Arabia) holding a 30% stake. The mechanical work started in March, with the commercial startup anticipated for the end of 2026.