13 February 2012 05:16 [Source: ICIS news]
SINGAPORE (ICIS)--SABIC and China’s state-owned refiner Sinopec will formally begin negotiations with Trinidad and Tobago on a proposed $5.3bn (€4.0bn) methanol complex in the Caribbean country, the Saudi Arabian chemicals major said over the weekend.
The two firms obtained approval on 9 February from the ?xml:namespace>
A final and binding agreement on the project has yet to be reached, it said.
Financial details, as well as the capacity of the proposed methanol-to-olefins (MTO) and methanol-to-petrochemicals (MTP) project were not disclosed.
($1 = €0.76)
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