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  Saudi Project Profile

Pan-Asia Saudi Co., Ltd. was established in Saudi Arabia in 2017. It is headquartered in the Jazan City for Primary and Downstream Industries and has an office in Riyadh. The company is set up for the Pan-Asia Saudi Petrochemical and Chemical Fiber Integrated Project.


In 2016, driven by China's Belt and Road Initiative and Saudi Vision 2030, China and Saudi Arabia entered into production capacity cooperation. Under this backdrop, Pan-Asia decided to build a petrochemical and chemical fiber integrated project in the Jazan City for Primary and Downstream Industries (JCPDI) in Saudi Arabia. The project is planned to be constructed in three phases, with main products being PTA, PET, and downstream chemical fiber products.

 

On January 29, 2019, the Groundbreaking Ceremony for the first phase was held in the JCPDI, marking the official commencement of its construction!

 

 

Policy Backdrop

  • China - Saudi Arabia Production Capacity Cooperation
  • Two Highly Aligned National Strategies: China’s Belt and Road Initiative & Saudi Arabian Vision 2030

 

         

 

 China’s Belt and Road Initiative

  - Encourages Chinese companies to bring their capacity overseas

  - Facilitates the “Going Abroad” process of supporting equipment 

  - Promotes the economic transformation and upgrading of China

 

∎ Saudi Arabia Vision 2030

  •   - Reduces overdependence on oil
  •   - Becomes one of the 15 largest economies in the globe
  •   - Lifts the foreign direct investment to GDP ratio to 5.7%
         (the international level)
  •   - Increases the private sector’s contribution to GDP to 65%

 

  LOCATION: JAZAN CITY FOR PRIMARY AND DOWNSTREAM INDUSTRIES (JCPDI)

 

 

  1. Competitive Advantages 
  1.  Geographic advantages
  • -Situated at the crossroads of Europe, Asia and Africa, Saudi Arabia finds easy access to markets of the three continents. 
  • -Bordering the Red Sea and situated along the Maritime Silk Road, Jazan enjoys convenient sea transportation. 
  • -With well-developed highway infrastructure and network, Saudi Arabia has convenient land transportation. 
  1.  Cost advantages 
  • -With a well-developed petrochemical industry, Saudi Arabia has abundant raw materials which are supplied at preferential prices. Short-distance supply efficiently cuts transportation costs.
  • -By using the latest PTA and PET technologies, the Project has a highly competitive processing cost. 
  • -Saudi Arabia provides policy incentives to foreign-invested projects.
  1.  Market advantages 
  • -As Jazan is situated at the center of the European, African, Indian and Pakistani markets, products can be sold within a radius of 1,000 km. 
  • -Africa is just across the Red Sea from Jazan. The African continent has a population of 1.2 billion but fairly small PTA and PET capacities, giving it vast potential.
  • -Products can be conveniently transported to Europe via the Suez Canal.
  • -As Saudi Arabia is the center of Muslim culture, products of the country have intrinsic competitiveness in the Muslim world.
  • -The PET capacity of Saudi Arabia is almost blank and the PSF capacity leaves a void.

  Project Overview

Phase I (2019-2021)

  1.  a 500ktpa bottle-grade PET plant (Sep. 2020)
  2.  a 1.25mtpa PTA plant (Q1 2021)

Phase II (2019-2021)

  1.  a 1.25mtpa of PTA plant (Q4 2021)
  2.  a 500ktpa PSF plant (Q4 2021)

(including a 250ktpa of regular PSF plant and a 250ktpa of differential PSF plant)

Phase III (2019-2022)

  1. 5mtpa of heavy oil/diesel/oil residue hydrogenation—producing 1.35mtpa of PX and 1.1mtpa of light naphtha (conceptual)

Links:Pan-Asia Saudi Co., Ltd. (http://www.panasia.com.sa)

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