SABIC, SINOPEC Start Production At China Petrochemical Complex
May 18, 2010
The two companies formed SINOPEC SABIC Tianjin Petrochemical Co. in November 2009.
Saudi Basic Industries Corp. (SABIC) and China Petroleum and Chemical Corp. (SINOPEC) announced the start-up of commercial production at the newly constructed petrochemical complex at Tianjin, China.
The two companies formed SINOPEC SABIC Tianjin Petrochemical Co. in November 2009, as a 50/50 joint venture to build and operate the new 3-million-tons-per-year petrochemical complex. Pre-production operations at the plant began in January of this year.
HH Prince Saud bin Abdullah bin Thenayan Al Saud, Chairman of the Royal Commission for Jubail and Yanbu and Chairman of SABIC, noted that these achievements were possible because of the policies adopted by the government of Custodian of the Two Holy Mosques King Abdullah Ibn ‘Abd Al-‘Aziz Al Saud, and the long-term economic reforms pursued by the Chinese government.
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