Sinopec and Sabic Extend Scope of Tianjin JV

Sinopec and Sabic say they have signed a strategic cooperation agreement in Jeddah, Saudi Arabia to extend the scope of their previously announced petrochemical joint venture at Tianjin, China. The agreement, signed during a visit by the Chinese vice president Xi Jinping to Saudi Arabia, expands the heads of agreement signed by the two companies in January this year. Sabic will have a 50%-share in the Tianjin complex now under construction and the partners will carry out feasibility studies to add polycarbonates to the product slate, using raw materials from...

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