SABIC to invest heavily in petrochemical project in Tianjin City

Saudi Basic Industries Corporation (SABIC) is known to have already signed an agreement with China Petroleum & Chemical Corporation (Sinopec) for investing $ 1.0 bn in the 1.0-mm tpy Tianjin ethylene project of Sinopec, the construction for which began in the northern China city of Tianjin, in the year 2006.