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SABIC eyes new investments in China and the US

by ChemOrbis Editorial Team - content@chemorbis.com
  • 19/10/2015 (16:45)
According to media reports, Saudi Arabian petrochemical major SABIC is considering more than three joint venture projects in China. The company’s Chief Executive Officer Yousef Al Benyan reportedly said that they may announce their proposed new joint ventures in the first quarter of 2016.

Al Benyan also reported that although current market conditions are not fully favorable for new investments in US shale gas, they are willing to announce new shale gas investments in the US next year as they believe the long term prospects for the US shale industry remain positive.
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