Skip to content




Markets

Asia Pacific

  • Africa

  • Egypt
  • Africa
  • (Algeria, Tunisia, Libya, Morocco, Nigeria, Kenya, Tanzania, South Africa)
Price Wizard

Unlock global prices across the value chain and turn complex data into clear insights.

Price Wizard

Create and save your own charts

Favorite Charts

Save and access popular charts

Product Snapshot

Analyze price changes by product

Market Snapshot

Analyze price changes by market

Netback Analysis

Monitor prices and netbacks

Price Tracker

Track polymer prices globally

Stats Wizard

Unravel global import and export data to learn trade volumes and patterns.

Stats Wizard

Create and save your own charts

Snapshot

Grasp trade patterns at a glance

Partners

Analyze partner data over time

Reporters

Analyze reporter data over time

Data Series

Compare quantity, value and price

Supply Wizard

Track global polymer supply and visualize via interactive charts and tables.

Global Capacities

Monitor existing and new plants

Production News

Track supply changes by plant

Snapshot

Grasp supply status at a glance

Offline Capacities

Learn capacity outages

New Capacities

Learn new capacity additions

Plant Closures

Learn permanent plant closures

Supply Balance

Analyze supply balance over time

Filter Options
Text :
Search Criteria :
Territory/Country :
Product Group/Product :
News Type :
My Favorites:

SABIC plans to invest $3-$10 billion in acquisitions

by ChemOrbis Editorial Team - content@chemorbis.com
  • 29/11/2017 (15:19)
According to media reports, Saudi Arabia’s SABIC is planning to invest between $3 and $10 billion in acquisitions over the course of next five years.

In line with Saudi Arabia’s recent efforts to ease its dependence on oil and energy, the company is aiming to diversify its production away from oil through possible investment projects in the specialty chemicals sector across the Middle East, China and Europe.

The specialty chemicals reportedly account for $1 billion of SABIC’S annual EBITDA while the company is expected to increase this figure to $2-3 billion in the near future.

The company is currently evaluating two possible deals within the specialties sector, the media reported. A final investment decision is expected to be announced by the second quarter of 2018.

Meanwhile, in May, the company announced a new 1.8 million tons/year cracker project in Texas, USA and launched a pilot PP plant in Geleen, the Netherlands during September.

In addition to enlarging its presence in the USA and Europe, the company signed a memorandum of understanding with Saudi Aramco on developing a crude oil-to-chemicals (COTC) complex in Saudi Arabia earlier this week.
Free Trial
Member Login