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05-18-2010

Sabic/Sinopec: Start-up at New Petrochemical Complex

Saudi Basic Industries Corporation (Sabic) and China Petroleum and Chemical Corporation (Sinopec) announced the start-up of commercial production at the newly constructed petrochemical complex at Tianjin, China.

The two companies formed Sinopec Sabic Tianjin Petrochemical Company (SSTPC) in November 2009, as a 50/50 joint venture to build and operate the new 3 million tons per year petrochemical complex. Pre-production operations at the plant began in January of this year.

A special celebration of the new production coming on stream at the complex was held in the presence of HH Prince Saud bin Abdullah bin Thenayan Al Saud, Chairman of the Royal Commission for Jubail and Yanbu and Chairman of Sabic. The event was also attended by HE Yahya bin Abdul-Kareem Al-Zaid, Saudi Ambassador to the People’s Republic of China, and senior Chinese government officials and Sinopec executives.

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