China largest consumer of chemicals, petchems; all vying to supply: Tasnee CEO

12/06/2023 Argaam

China largest consumer of chemicals, petchems; all vying to supply: Tasnee CEO

Mutlaq Al-Morished, CEO of Tasnee

China is a major petrochemicals market, where Saudi Arabia has established presence through a number of companies including National Industrialization Co. (Tasnee), Saudi Basic Industries Corp. (SABIC), Saudi Aramco and others, Al Ekhbariya TV reported, citing Tasnee CEO Mutlaq Al-Morished.

 

Several countries are vying to enter the Chinese sizable market as it consumes two-thirds of the global output of chemicals and petrochemicals, Al-Morished said on the sidelines of the 10th Arab-China Business Conference in Riyadh.

 

The Chinese market is important for the petrochemicals industry, said Al-Morished, adding that Saudi Arabia has the technological tools, financial resources and feedstock, but all the Arab markets do not have ample presence in China.

 

“We excel China in basic materials, but China surpasses the Kingdom in terms of manufacturing products,” Al-Morished noted.

 

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read