SABIC and Sinopec sign cooperation deal
by ChemOrbis Editorial Team - content@chemorbis.com
According to media reports, Saudi SABIC and China’s Sinopec signed a strategic agreement on March 16, which will seek opportunities for joint projects in the two countries.
The agreement will also include a joint venture in Saudi Arabia with Chinese investment as well as exploring opportunities for making further investments at Sinopec Sabic Tianjin Petrochemical Co. (SSTPC), a joint venture between the two companies.
The future joint venture projects will reportedly focus on automotive, electronics, lighting, building and construction, packaging and medical equipment.
The agreement will also include a joint venture in Saudi Arabia with Chinese investment as well as exploring opportunities for making further investments at Sinopec Sabic Tianjin Petrochemical Co. (SSTPC), a joint venture between the two companies.
The future joint venture projects will reportedly focus on automotive, electronics, lighting, building and construction, packaging and medical equipment.
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