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!
∎ 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
Phase I (2019-2021)
Phase II (2019-2021)
(including a 250ktpa of regular PSF plant and a 250ktpa of differential PSF plant)
Phase III (2019-2022)