SABIC and Sinotep plan Tianjin plastics plant

SABIC and Sinotep plan Tianjin plastics plantSaudi Arabia’s SABIC (the Saudi Basic Industry Corp) has announced the next step in their partnership with China’s SINOTEP (China Petroleum & Chemical Corp).  A memorandum of understanding has been signed between the two companies to begin construction on a $1 billion polycarbonate plant.  The plastics produced will be used for industrial components and consumer products.  The plant will be located in Tianjin, with a capacity to produce up to 260,000 tons a year.

SABIC and SINOTEP have been partners since 2010 and produce mainy petrochemical products.  SABIC continues to increase their presence in China, and hope to open two new technology centers in China and India by 2013.  China, the world’s fastest-growing economy – is seeing huge increases in demand for polycarbonate and other petrochemical products.

 



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Saudi Arabia’s SABIC (the Saudi Basic Industry Corp) has announced the next step in their partnership with China’s SINOTEP (China Petroleum & Chemical Corp).  A memorandum of understanding has been signed between the two companies to begin construction on a $1 billion polycarbonate plant.  The plastics produced will be used for industrial components and consumer products.  The plant will be located in Tianjin, with a capacity to produce up to 260,000 tons a year. SABIC and SINOTEP have been partners since 2010 and produce mainy petrochemical products.  SABIC continues to increase their presence in China, and hope to open two...

SABIC and Sinotep plan Tianjin plastics plantSaudi Arabia’s SABIC (the Saudi Basic Industry Corp) has announced the next step in their partnership with China’s SINOTEP (China Petroleum & Chemical Corp).  A memorandum of understanding has been signed between the two companies to begin construction on a $1 billion polycarbonate plant.  The plastics produced will be used for industrial components and consumer products.  The plant will be located in Tianjin, with a capacity to produce up to 260,000 tons a year.

SABIC and SINOTEP have been partners since 2010 and produce mainy petrochemical products.  SABIC continues to increase their presence in China, and hope to open two new technology centers in China and India by 2013.  China, the world’s fastest-growing economy – is seeing huge increases in demand for polycarbonate and other petrochemical products.

 



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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