SABIC signs MoU with PRC province for petrochem complex

26 Sep '18
1 min read

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

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