Saudi Basic Industries Corp. (SABIC) plans to expand investment in U.S. shale gas projects through joint ventures, according to acting CEO Yousef al Benyan. Sabic has signed an agreement with Houston-based Enterprise Products Partners to obtain U.S. shale gas, as per Bloomberg. The company may use the feedstock in the US or export it to other countries such as the UK, where the company has converted crackers to use shale gas as feedstock to produce olefins and their derivatives more competitive. SABIC is exploring investments in the northeast and the south as these regions fit the company's overall expectations including government support, labor laws and unions
29-Jul-15 
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