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Sabic and Sinopec to explore new petrochemical projects in JV

Projects to serve downstream industries such as auto, electronics, packaging, medical devices, etc

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Sabic & Sinopec officials signing the agreement

Last Updated : Mar 29 2017 | 5:43 PM IST

Sabic and Sinopec have signed a strategic agreement to study opportunities for joint projects in Saudi Arabia and China. Under the agreement, signed on March 16, 2017, the largest Saudi and Chinese petrochemical companies are planning - for the first time - to study a joint venture with Chinese investment in Saudi Arabia.

“This is an opportunity for both parties to build on their historic cooperation. The Chinese market has always been a key pillar of our sales over the last 30 years. Today, we are entering a turning point in our strategic relationship and building on previous successes, such

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