GPCA '11: SABIC considers investing in US cracker – Al-Mady

15 December 2011 07:26  [Source: ICIS news]

SABIC CEO Mohamed Al-MadyDUBAI (ICIS)--SABIC will consider investing in a US cracker either with a partner or going at it alone, Mohammed Al-Mady, vice chairman and chief executive of SABIC, said on Thursday.

“We are in the business of petrochemicals,” A-Mady said, adding that SABIC would pursue opportunities in any market where feedstock availability is feasible.

Al-Mady declined to say if SABIC has been approached by other companies seeking a partner for a joint cracker in the US.

“I cannot comment on that,” he said on the sidelines of the sixth annual GPCA (Gulf Petrochemicals & Chemicals Association) conference.

Shale gas was a recurring theme at the event, as delegates debated how the newfound US feedstock advantage could eventually impact Middle East producers.

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By: William Lemos
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