Fujian Refining & Petrochemical Company Limited (FREP) is sponsored by Fujian Petrochemical Company Limited (FPCL) and ExxonMobil China Petroleum & Petrochemical Company Limited (EMCP & P). Large-scale petrochemical enterprise jointly invested by Saudi Aramco Sino Company Limited in a proportion of 50%: 25%: 25% respectively, with a total investment of about RMB 40 billion. Aim to build and operate world-class, high-tech, integrated petroleum Chemical industry base. It aims at building up and operating a world-class integrated petrochemical base with high technology. The total land occupation area of the company is about 480 hectares. The wells at the self-built special crude oil and product oil terminal are open, with a design throughput of 18 million tons per year.

Since its establishment, FREP has endeavored to sustainable development. In November 2009, Fujian Integrated Refining & Ethylene Project, the first highly integrated refining & chemical Sino-foreign joint venture petrochemical project with the largest one-time planning investment, was put into commercial operation. Increase FREP's refining capacity from 4 MTA (80k bbl / day) to 12MTA (240K barrels per day), the newly-built series of large-scale chemical units, such as Steam Cracker, Polyethylene, Polypropylene and Aromatics were put into operation smoothly and simultaneously; at the end of 2013, FREP completed steam cracker debottleneck revamp. Steam Cracker production capacity can reach 1.1MTA, while further promoting oil product quality upgrading and product mix optimization, refining capacity can be increased to 14MTA (280KTA) Bbl / day).