As part of plans to boost capacity by almost 50% between 2009 and 2015, Sabic is in talks to build a chemical plant in India. Sabic, the world's largest chemical company by market value, expects to reach an agreement with a partner to build the ethylene and other chemicals-products plant by the end of next year.
Sabic expects to boost total capacity to 100 mln tons by 2015 from the estimated 51 mln tons of chemicals and steel it plans to reach this year, by building plants in China, India and Saudi Arabia, and acquiring companies in Europe and the US.
It has already committed to development plans worth US$25 billion to boost capacity by 33% to 68 mln tons in 2009.
19-Dec-06 
{{comment.DateTimeStampDisplay}}
{{comment.Comments}}