The Saudi Basic Industries Corporation (SABIC) recently announced the signing of a memorandum of understanding (MoU) with China’s Fujian provincial government to enable the former to develop a world class petrochemical complex in the province. The MoU, part of SABIC strategy to diversify its operations, does not offer a timeline for the project’s completion.
The MoU seeks new investment opportunities to strengthen SABIC’s position in the Chinese market, according to a SABIC press release. (DS)
Fibre2Fashion News Desk – India