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World News and Views :: Projects

Sinopec and Sabic Extend Scope of Chinese JV

10:46 AM MDT | July 1, 2008 | Chemical Week Editorial Staff

Sinopec and Sabic have confirmed that they have signed an agreement to extend the scope of their previously announced petrochemical joint venture at Tianjin, China (CW, June 23, p. 5). The agreement, signed in Jeddah during a visit last week by Chinese v.p. Xi Jinping to Saudi Arabia, expands an agreement signed by the two companies last January. Sabic will have a 50% share in the Tianjin complex, which is already under construction, and the partners will carry out feasibility studies to add polycarbonate to the complex’s product slate using raw materials...

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