The plant is expected to startup in 2026
The three entities are exploring collaboration across refining and petrochemical projects in Saudi Arabia as well as China
The facility will be built in the city of Panjin, in China’s Liaoning Province
The value of the original project was estimated at $6.6 billion in 2018
OQ is an integrated energy company with oil and gas exploration and production operations, refineries, a retail network and a large petrochemical business