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

Textiles | On 10th Dec 2016

India’s 2016-17 cotton import to touch 17 lakh bales

The import of cotton from international markets by spinning mills in...

Textiles | On 10th Dec 2016

US textile & apparel imports fall 6.50% in Jan-Oct ’16

The import of textiles and apparel by United States dropped 6.50 per...

Textiles | On 10th Dec 2016

Indian textile hubs adopt cashless payment modes

The textile ministry is promoting cashless payment within the...

Interviews View All

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Larry L Kinn
Suominen Corporation

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search