15 December 2011 10:38 [Source: ICIS news]
“The reason we want to grow outside of
“Now is a good time for merger and acquisition. The [price of] assets is getting really reasonable,” he said.
Equate's criteria does not include technology, but the company will look at production facilities which are economical to complement its current olefins, polyethylene (PE) and ethylene glycol (EG) portfoilio.
“This is the future of Equate, and the timeline is open,” he added.
Other criteria include feedstock advantage and proximity to key markets, he said.
Al-Terkait does not rule out the possibility to expand in the
“We are open to opportunities all around the world,” he said.
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