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Industrial Valve Summit

Aramco signs MoU for Zhejiang Petrochemical’s complex

inIVS 2019

Aramco signs MoU for Zhejiang Petrochemical’s complex

Zhejiang Petroleum & Chemical Co. Ltd. (ZPC) and Saudi Aramco signed a memorandum of understanding for acquisition of ownership by the Saudi company in ZPC’s 40 million-tonne/year refining and chemical integrated complex in Zhoushan, Zhejiang Province, China. The first 20 million-tpy phase is due for startup by December, while commissioning of Phase 2 is scheduled during first-quarter 2021.

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