Central enterprises refer to state-controlled enterprises, while Fujian United Petrochemical is a Sino-foreign joint venture established by a number of foreign-funded enterprises, so it does not belong to central enterprises.
Fujian United Petrochemical Co., Ltd. is a large-scale Sino-foreign joint venture petrochemical enterprise jointly invested by Fujian Refinery and Chemical Co., Ltd. (a joint venture between China Petrochemical and Fujian Province), ExxonMobil China Petrochemical Company and Saudi Aramco Asia Co., Ltd. with a share ratio of 50%: 25%: 25%, with a total investment of about 40 billion RMB, aiming at building and operating a world-class high-tech integrated petrochemical plant.
Fujian United Petrochemical Co., Ltd.' s main business covers petroleum refining, chemical production and sales, as well as petrochemical related technology research and development and services. Relying on the strong resource advantages of China Petrochemical and Fujian Investment Group, as well as ExxonMobil's rich international management experience and leading technical level, the company is committed to building a series of modern petrochemical plants with world-advanced technology and equipment.
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