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

Pic: Shutterstock

Apparel/Garments | On 1st Apr 2020

Indian ministry asks over 10 manufacturers to produce PPE

The Indian health ministry has asked over 10 domestic manufacturers...

Pic: Venturelli Luca / Shutterstock.com

Retail | On 1st Apr 2020

H&M to take goods already manufactured, assures suppliers

Swedish retail giant H&M recently assured its garment suppliers of...

Pic: Shutterstock

Textiles | On 1st Apr 2020

India calls for allowing import sans certificate of origin

India has urged the countries with which it has free trade agreements ...

Interviews View All

Textile industry, Head honchos

Textile industry
Head honchos

Relaxation in FDI norms will support growth of retail sector

Marazban F Velati, Sutlej Textiles & Industries limited

Marazban F Velati
Sutlej Textiles & Industries limited

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

Kamlesh Vaghela, RK Textiles

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Cem Erdogrul,

Cem Erdogrul

Turkey-based Temsan Air Engineering is one of the leading manufacturers of ...

Manuele Baggini,

Manuele Baggini

Comec Italia Srl is a world leader in the production of printing machines. ...

Saad Khaled Bari,

Saad Khaled Bari

Benetex Industries is a public ltd company established in year 1992 to...

Madison Maxey, Loomia

Madison Maxey
Loomia

Loomia designs and manufactures soft circuit systems that can be produced...

Sachin Pendharkar, Dieffenbacher India Pvt Ltd

Sachin Pendharkar
Dieffenbacher India Pvt Ltd

Germany-based Dieffenbacher Group is a producer of high-quality composites ...

Daniel Odermatt, Ventile

Daniel Odermatt
Ventile

Ventile is a registered trademark used to brand a special high-quality...

Sweta Agarwal, A Humming Way

Sweta Agarwal
A Humming Way

A Humming Way (AHW) is inspired by the old-world regalia of Rajasthan...

Chandani Sahi, By Chandani

Chandani Sahi
By Chandani

By Chandani is a womenswear prêt couture brand with fusion silhouettes by...

Joe Ikareth, Joe Ikareth

Joe Ikareth
Joe Ikareth

<b>Joe Ikareth</b> has a rock-solid fashion and textiles background, which ...

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

Leave your Comments


March 2020

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


Advanced Search