On January 13, Company leaders Lin Xu and Haytham Zamzami met with Chen Yanmin, President of SABIC FUJIAN Petrochemicals Co., Ltd., and his delegation during their visit. The two sides exchanged views on topics such as high-quality enterprise development and industrial synergy and cooperation.

Acting President Lin Xu extended a welcome to Chen Yanmin and his delegation. He noted that in recent years, with the substantial release of olefin production capacity, the industry as a whole has entered a stage of intense competition, and marginal benefits have continued to face pressure. The two sides have broad prospects for cooperation in areas such as coordinated feedstock procurement, optimization of production operations, and efficient resource allocation. He expressed hope to strengthen exchanges, build consensus, enhance communication and collaboration at all levels, leverage their respective strengths, jointly address market challenges, and pursue high-quality development.

Chen Yanmin expressed sincere gratitude for the long-standing support provided by Fujian Refining & Petrochemical Company Limited (FREP) to SABIC FUJIAN Petrochemicals Co., Ltd., and introduced the project construction and organizational structure of SABIC FUJIAN Petrochemicals Co., Ltd. He stated that FREP is the "big brother" in Fujian's petrochemical industry, possessing extensive experience in talent cultivation, plant operations, and corporate governance, and serves as a role model for them to learn from. Both parties are Sino-foreign joint ventures, sharing similar cultural philosophies and aligned development paths. They possess a natural foundation for cooperation in areas such as complementary production capacities, feedstock security, and technological synergy. It is hoped that a regular, multi-level communication and liaison mechanism will be established to deepen and solidify the collaboration.

During the meeting, both sides also engaged in in-depth discussions on the formulation of business plans, feedstock cost control, and the enhancement of operational efficiency.

Prior to the talks, accompanied by Company leaders, Chen Yanmin and his delegation visited the Company's exhibition hall to learn about its development history, current operational status, and key business achievements. (Li Fan)