SABIC signs MoU with Aramco, Sinopec to study feasibility of petrchem complex in Yanbu

RIYADH — Saudi Basic Industries Corporation (SABIC) has announced signing a memorandum of understanding with Aramco and China Petroleum & Chemical Corporation (Sinopec) to study the economic and technical feasibility to develop a petrochemical industrial complex in cooperation with an existing refinery at the Yanbu Industrial City.

SABIC Acting CEO Eng. Abdulrahman Al-Fageeh said: “We always seek to use the…