Product category:
Oil, Gas, Petrochemical Industry News
News Release from: SABIC
Edited by the Processingtalk Editorial
Team on 22 June 2004
Sabic expansion has investments of USD
6.4 billion
Sabic announces investment approval for new plants for ethylene, ethylene glycol, polyethylene and polypropylene, a flat steel products plant, and an additional methanol plant.
At a meeting of the Sabic Board of Directors in The Netherlands, the Chairman, Prince Saud Ibn Abdullah Ibn Thunayan Al-Saud, endorsed expansion investments of SR 24 billion (US$ 6.4 billion) They include:
This article was originally published on Processingtalk on 18 Jul 2003 at 8.00am (UK)
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Sabic Vice Chairman and CEO, Mohamed Al-Mady, said: "These projects demonstrate Sabic plans for investment and its continuing strategy to become a leader in the global petrochemicals industry".
The Chairman and Board also visited Sabic plants in the Netherlands and Germany and met with senior Dutch officials including the Minister for Foreign Trade and the Queen's Governor of Limburg.
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