21 September 2010 23:25 [Source: ICIS news]
By Joseph Chang
SABIC started up its joint venture (JV) with Chinese petrochemical major Sinopec in
“We are happy with the start-up and are now getting close to full capacity,” said Al-Mana.
SABIC also has marketing rights to the polymers output of the Fujian Integrated Refining and Ethylene Joint Venture Project (FREP) in Quanzhou in
“We now have a more direct involvement in Asian petrochemical and polymers market with the JV production and the marketing rights,” said Al-Mana.
Al-Mana would not say whether SABIC is considering additional investment opportunities or joint ventures in
“We want to be the partner of choice, and are open to any opportunity that makes economic sense,” he said.
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