Chemical Week Magazine :: Newsbriefs
Sabic pulls out of methanol-to-olefins JV project
7:53 AM MST | March 8, 2013
Sabic will not be going ahead with plans announced last year to build a $5.3-billion methanol-to-olefins complex in Trinidad and Tobago in a joint venture with Sinopec. The company says that â€śthe relevant parties did not reach a deal on the fundamental conditions for this project and Sabicâ€™s decision in consultation with the concerned parties on 3 March 2013 is not to continue with negotiations.â€ť A statement from Trinidad and Tobagoâ€™s energy minister, Kevin Ramnarine, says that failure to agree on the price of natural gas was a key factor that led to the...
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