in this issue
People & Business :: Companies
Sinopec and Sabic Sign Tianjin Deal
4:09 AM MST | January 31, 2008 | Natasha Alperowicz
China Petroleum and Chemical Corp. (Sinopec; Beijing) and Saudi Basic Industries Corp. (Sabic; Riyadh) today signed a heads of agreement (HOA) toward forming a previously announced joint venture company at Tianjin, China. The 50-50 joint venture will invest $1.7 billion in two petrochemical plants at Tianjin, which will be designed to produce 600,000 m.t./year of polyethylene and 400,000 m.t./year of ethylene glycol. Ethylene feedstock will be supplied to the plants by Tianjin Petrochemical Co., a Sinopec subsidiary. The complex is scheduled for completion in...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee