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SABIC and SINOPEC sign strategic cooperation agreement and agree to expand Tianjin industrial comple
Clipped to the Drawing Board by Dave Ellery  
Saudi Basic Industries Corporation (SABIC) and China Petrochemical Corporation (SINOPEC) signed on Saturday, June 21, 2008 in Jeddah, a strategic cooperation agreement to expand the scope of partnership at Tianjin industrial complex, China, currently under construction.
The agreement signed during the visit of Chinese Vice President Xi Jinping is designed to expand the heads of agreement (HOA) signed by the two companies on Jan 31, 2008, whereby SABIC will have 50% of the Tianjin complex joint venture together with a feasibility for adding a new product (polycarbonates) by using raw materials produced at the complex based on SABIC Innovative Plastics technology.
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Monday 23 June, 2008 06:15 AM
 
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