After waiting 18 months for approval for a petrochemical plant in north eastern Dalian, Sabic may find another location for the plant for which it had planned to invest US$5.2 billion. The reason for this shift in location for the project which includes an oil refinery and an ethylene plant to another country could be delaying approval from Beijing.
Earlier last year, the project seemed to be on track after a visit by the Chinese premier to Sabic headquarters during a visit to Saudi Arabia. By December, Sabic had been in talks with Sinopec and Dalian Shide, for almost three years. With the help of this plant, Sabic was hopeful of doubling output to 100 million tons by 2015.
26-Feb-07 
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