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Business
China Approves Saudi Chemical Investment
by Jean-François Tremblay
July 20, 2009
| A version of this story appeared in
Volume 87, Issue 29
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.
The power is now in your (nitrile gloved) hands
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