France’s Total has signed a memorandum of understanding (MOU) with Kuwait Petroleum International (KPI) and Petrochemicals Industries Company (PIC), subsidiaries of Kuwait Petroleum Corporation for participation in the Zhanjiang project in China.

In partnership with Sinopec, the project entails development of a full-conversion refinery with a processing capacity of 300,000 barrel per day integrated with petrochemicals and marketing.

The proposed refining and petrochemicals platform will be designed to process Kuwaiti crude as feedstock and to produce high-quality refined and petrochemicals products.

As per the deal, KPI, PIC and Total have agreed to form a consortium, which will potentially hold interests in two joint-ventures together with Sinopec.

The MOU sets forth the agreement among KPI, PIC and Total regarding the development of the project.

KPI is the international refining and marketing arm of Kuwait Petroleum Corporation while PIC is the petrochemical wing.