Sinopec headquarters formally approved the joint investment in PetroChina's Sinopec Corp., which will increase investment by approximately 5.5 billion yuan, adding 4 million tons of refined oil and 200,000 tons of ethylene to "bottleneck" projects and a total investment of approximately 1.05 billion yuan in the Fujian Refinery Fine Chemical Project, striving to build Quangang. Nanshan Petrochemical District Leading Project to strengthen its petrochemical industry chain. There will be 13 petrochemical industrial projects in Nanshan Area, Fujian Province, this year. The total investment will be 14.9 billion yuan, and the planned annual investment will be about 2 billion yuan. The Nanshan area with a total area of ​​12.9 square kilometers is the main battlefield for Quanzhou to undertake the second phase of Fushuang and Fujian United Petrochemical's “bottleneck extension†project.
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