SABIC signs MoU to expand cooperation with China
by ChemOrbis Editorial Team - content@chemorbis.com
According to a press release on the company’s website, Saudi Arabia’s petrochemical giant SABIC signed a Memorandum of Understanding (MoU) with the Administration Committee of Guangzhou Nansha Development Zone in China.
The recently signed agreement is expected to boost the cooperation between the parties. Accordingly, SABIC will carry out feasibility studies to expand its presence in China, in line with its plans to invest between $3 and $10 billion in acquisitions to boost its production in the specialty chemicals sector.
The recently signed agreement is expected to boost the cooperation between the parties. Accordingly, SABIC will carry out feasibility studies to expand its presence in China, in line with its plans to invest between $3 and $10 billion in acquisitions to boost its production in the specialty chemicals sector.
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- Stats: Türkiye’s cumulative polymer imports hit 3-year low in Jan-Sept
- PP, PE markets torn between firmer monomers and poor dynamics in Europe
- Peak season closes with modest PP, PE gains in China, except for LDPE’s strong stand
- India finally announces ADD on S-PVC imports: What’s in store for subject countries?
- Turkish PE players hunt for signs of a market bottom amid pending Nov offers
- Freight rates rise after prolonged slump; is this rebound here to say or just a dead cat bounce?
- India’s PVC price range narrows as low-end Chinese offers fade amid ADD speculation
- Slump deepens in European plastics recycling industry
- SE Asia’s PPH regains premium over China after 3 weeks
- Stats: China rapidly expands its share in SE Asia’s PP markets
