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SABIC signs MoU to expand cooperation with China

by ChemOrbis Editorial Team -
  • 11/12/2017 (11:38)
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.
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