On November 18, FREP and Jiangsu GPRO Company signed cooperative agreement in Furui Guesthouse. FREP chairman and president Lu Dong, vice president Abdullah H Al Sebail, Jiangsu GPRO Company president Guo Jindong and CEO Li Yousong participated in the signing ceremony.

On the signing ceremony, president Lu Dong and president Guo Jindong signed Letter of Intent for Supplying and Purchasing of Refined EO Products and Framework Agreement for Supplying of Refining Agents and Auxiliaries.

For FREP SCDP and its supporting projects, the newly building EO/EG unit is planned to be completed and put into operation in the fourth quarter of 2014, the main products for the unit is refined EO and fiber grade EG, the designed production capacity for refined EO is 180,000 tons/year, and the designed production capacity for fiber grade EG is 400,000 tons/year. In order to better cultivate EO downstream refined chemical industry, promote local economic development, FREP encourages and supports relevant enterprises to develop EO downstream industry, and provide refined EO reliably.

Jiangsu GPRO Group plans to establish an EO derivative refined chemical engineering new material production enterprise at the newly building EO/EG unit synchronized matching investment jointed built with FREP in South Mountain Area, Petrochemical industrial Park, Quangang, Quanzhou City. According to the development investment plan of Jiangsu GPRO Group, the project is to invest to establish 150,000 tons/year surfactant and 35,000 tons/year refining agent and auxiliaries integrated unit, and the annual consumption is 100,000 to 150,000 tons of refined EO.

   On the sales and procurement of refined EO, FREP and Jiangsu GPRO Group base on the mutual trust principle, and willing to establish long term strategic partnership, to realize long term mutual benefit. Both parties signed supply and demand letter of intent in the aspect of refined EO product.

It is reported that Jiangsu GPRO Group is a large scale international modern non-state-owned enterprise group with chemical raw material and chemical products manufacturing industry as core, real estate development as backbone, and with research and development, production, sales and commence as integrated part. After several years’ continuous effort, the group realizes great-leap-forward development, and currently has more than ten member enterprises, and the comprehensive production capacity can reach millions of tons.

The general manager in the company’s MS Department Zhao Tianxing, vice general manager Ken Lin, vice general manager in SD Department Li Cungong, vice chief engineer in the Jiangsu GPRO Group Xu Weilin, office director Sun Jie, etc. witnessed the signing of cooperative agreement. (Xiao Wanyuan)