NDRC grants approval to SABIC to participate in Tianjin with Sinopec in joint venture

The Chinese National Development and Reform Commission (NDRC) has granted approval to SABIC to jointly participate with China Petroleum & Chemical Corporation (Sinopec) in the petrochemical complex under construction in Tianjin. The joint venture will be an equal partnership between the two and will study the feasibility of adding polycarbonates that use raw materials based on SABIC technology produced at the complex. The plant is to be completed in September of this year at an investment outlay of US$3 bln, The complex will produce 3.2 mln tons of various petrochemical products, including 1 mln tons of ethylene and other downstream products such as polyethylenes, ethylene glycol and polypropylene.
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