12 Feb 2012
(MENAFN) Saudi Basic Industries Corp. (SABIC) said that the firm and its Chinese partner China Petroleum & Chemical Corp (Sinopec) were in talks with Trinidad and Tobago to construct a USD5.3 billion methanol plant in the African country, reported Arab News.
The Saudi firm added that after bidding against other global companies, it got the approval along with Sinopec to build the plant, which would produce methanol and then transfer it to olefins.
On the other hand, Sabic said that it has an agreement with Sinopec to establish a USD1 billion polycarbonate factory in Tianjin, where the two firms have already began operating a petrochemical joint venture in 2010.
It is worth noting that SABIC, which makes chemicals, fertilizers, plastics and metals used in paint, rubber, textiles, cleaning and other consumer products, is the world’s largest petrochemical firm by market value.
27 Jan 2025
BBK offers customers with exclusive Tas’heel and Mazaya Finance to own their dream home
15 Jan 2025
BBK Signs Strategic Partnership with Bahrain Airport Company to Develop “Express Cargo Village”
08 Jan 2025
Bank of Bahrain and Kuwait and Global Payment Services Deliver the First Advanced Fraud Prevention Solution for Wallet Provisioning in the Kingdom of Bahrain
26 Dec 2024
BBK proudly supports “Celebrate Bahrain” as a gold sponsor in cooperation with BTEA
17 Nov 2024
BBK and Asia Jewellers announce exclusive offers to its customers at Jewellery Arabia 2024
12 Nov 2024
BBK partners with Durrat Al Bahrain to offer exclusive financing for Jawhart Al Marjan
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more