Home / Knowledge / News / Textiles / SABIC and SINOPEC start commercial production in Tianjin
SABIC and SINOPEC start commercial production in Tianjin
11
May '10
Saudi Basic Industries Corporation (SABIC) and China Petroleum and Chemical Corporation (SINOPEC) announced the start-up of commercial production at the newly constructed petrochemical complex at Tianjin, China.

The two companies formed SINOPEC SABIC Tianjin Petrochemical Company (SSTPC) in November 2009, as a 50/50 joint venture to build and operate the new 3 million tons per year petrochemical complex. Pre-production operations at the plant began in January of this year.

A special celebration of the new production coming onstream at the complex was held in the presence of HH Prince Saud bin Abdullah bin Thenayan Al Saud, Chairman of the Royal Commission for Jubail and Yanbu and Chairman of SABIC. The event was also attended by HE Yahya bin Abdul-Kareem Al-Zaid, Saudi Ambassador to the People's Republic of China, and senior Chinese government officials and SINOPEC executives.

Prince Saud praised the ever-growing economic relations between Saudi Arabia and China, and said that both countries were experiencing high growth rates and had proven their ability to withstand the global financial crisis. He also noted that these achievements were possible because of the rational policies adopted by the government of Custodian of the Two Holy Mosques King Abdullah Ibn 'Abd Al-'Aziz Al Saud, and the long-term economic reforms pursued by the Chinese government.

Prince Saud also commended the close relations between SABIC and SINOPEC and noted that the new joint venture would enhance the competitiveness of both companies in the global market and create the potential for more such projects. The joint venture strengthens SABIC's presence in the strategic Asian market, he also remarked.

Saudi Basic Industries Corporation (SABIC)

Must ReadView All

Apparel/Garments | On 27th Feb 2017

Myanmar sets up new committee to revise minimum wage

The Government of Myanmar has set up a new committee, replacing an...

Textiles | On 27th Feb 2017

Textile industry can boost South African economy: Minister

The textile industry is one of the most strategic platforms through...

Textiles | On 27th Feb 2017

KBR bags LBED revamp contract for LG Chem's ethylene plant

KBR, Inc has bagged a technology licensing and basic engineering...

Interviews View All

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search