Issue Date: July 20, 2009
China Approves Saudi Chemical Investment
China's National Development & Reform Commission has approved Saudi Basic Industries Corp.'s 50% participation in a petrochemical complex that Sinopec is building in Tianjin in northeast China. Construction of the $3 billion complex is scheduled for completion this September. The two companies will now study the feasibility of building polycarbonate facilities that make use of SABIC technology.
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