Logo of Saudi Basic Industries Corp. (SABIC)
Saudi Basic Industries Corp. (SABIC) and China Petroleum & Chemical Corporation (Sinopec) announced starting commercial operations at their equally-owned joint venture (JV), Sinopec SABIC Tianjin Petrochemical Co. (SSTPC), to produce polycarbonate in China.
The complex has an annual production capacity of nearly 260,000 tons, the state-run SPA reported.
The JV is a vital element of the company’s growth strategy in the production of polycarbonate in China. The company will have more opportunities to cooperate with local and foreign customers.
The new plant will mainly provide production for customers in China, targeting the key polycarbonate-related industries, such as electronic and electrical appliances, consumer products, home appliances, cars, healthcare products, as well as building and construction applications. SABIC’s package of the polycarbonate produced at the new plant will be marketed through the strong LEXAN™ brand.
SSTPC was established in 2009 as a mega petrochemical complex that comprises nine world-class manufacturing units to produce chemicals, polyethylene, and polypropylene.
SABIC’s CEO Abdulrahman Al-Fageeh said the new JV provides great growth opportunities to achieve the goals of the Saudi and Chinese national programs.
China is a key strategic market for SABIC, Al-Fageeh added, noting that the company’s investment in Tianjin underlines its position as a reliable supplier, partner and investor to achieve sustainable and comprehensive growth.
Comments
{{DisplayName}}
{{ElapsedTime}}