Sabic to Join Sinopec Tianjin Cracker

Sabic has agreed to partner with Sinopec in a $1-billion ethylene and derivatives project at Tianjin, China, local press reports say. The 1-million m.t./year ethylene plant forms part of a previously announced $3.1-billion investment by Sinopec at Tianjin that also includes a refinery. Sabic has been negotiating for some time with Sinopec to join the project, which remains subject to final approval by the Chinese government. Sabic and Sinopec declined to comment on the...

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