MOSCOW (MRC) -- China's Fujian Gulei Refining & Chemical, a joint venture between Fujian Petrochemical Company Limited (FPCL) and Taiwan Xuteng Investment Company Limited, plans to start up its new monoethylene glycol (MEG) unit in Zhangzhou, Fujian by the end of August after a successful launch of its new naphtha-fed ethylene cracker, reported S&P Global with reference to multiple sources.
Thus, trial runs at the company's new MEG plant with the capacity of 700,000 mt/year began on 7 August, 2021, and Gulei Refining & Chemical is in the proces of ramping up its production capacity.
As MRC informed earlier, Fujian Gulei Petrochemical received commercial production at its new steam cracker in Zhangzhou (Zhangzhou, Fujian Province, China) on August 18, 2021. And before that, the company supplied naphtha to this cracker with a capacity of 800,000 mt/year of ethylene on August 17, thereby starting test production there.
MEG is one of the main feedstocks for the production of polyethylene terephthalate (PET).
According to MRC's ScanPlast report, Russia's estimated PET consumption totalled 411,200 tonnes in the first six month of 2021, up by 12% year on year. Russian companies processed 62,910 tonnes in June, compared to 85,890 tonnes a month earlier.
Fujian Gulei Petrochemical Co. Ltd. headquartered in Xiamen (Xiamen, China) was established in November 2016. The company is a 50:50 joint venture between China's Fujian Petrochemical Company Limited (FPCL, part of Sinopec) and Taiwan's Taiwan Xuteng Investment Company Limited. It was established for the construction of an integrated petrochemical complex in Zhangzhou, Fujian province, southeastern China.