Riyadh, Saudi Arabia – The Saudi Basic Industries Corporation (SABIC) and China’s Sinopec announced Friday the start of the commercial operation of their new polycarbonate plant, located within their equally owned joint venture Sinopec-SABIC-Tianjin Petrochemical Company.
Sinopec SABIC Tianjin Petrochemical Company was established in 2009 and is a vast petrochemical complex consisting of nine world-class manufacturing units designed to produce chemicals, polyethylene and polypropylene.
The production capacity of the new polycarbonate factory is 260,000 tons per year. SABIC said it allows the company to further cooperate with global and local customers, as the operation of the polycarbonate factory represents a new stage in the progress of the joint project between SABIC and Sinopec and enhances the partners’ ability to meet the requirements of the regional polycarbonate market.
Eng. Abdul Rahman Al-Fageeh, SABIC CEO, said that his company and Sinopec are opening up mutual growth opportunities that achieve the goals of the national programs of the Kingdom and China.
“Based on our position as one of the largest leading companies in the field of manufacturing Polycarbonate in the world, our first-ever factory in Asia confirms our commitment to operating in markets close to our customers, enabling us to increase the level of service, speed of work and reliability of supplies,” he said.
