SABIC is considering Houston as the company’s new head office for the Americas, the Saudi Arabia-based producer said on Saturday.
SABIC has chosen the US as the focus of its future growth plans, given the nation’s abundance of low-cost feedstock, the company said. As part of that focus, it and ExxonMobil are considering a project in San Patricio county, Texas, that will include a 1.8m tonne/year ethane cracker, a monoethylene glycol (MEG) plant and two polyethylene (PE) units.
SABIC’s decision on the Americas headquarters will depend on receiving the necessary building and environmental permits, the company said. The company did not say when it could make a decision.
The company’s announcement comes amid a US tour by Saudi Arabia’s crown prince, Mohammed bin Salman. He also visited Houston, where he presented a plaque to John Verity, president of ExxonMobil Chemical.
The programme in Houston was intended to last longer but was cut short.
“Diplomatic schedules can change at a moment’s notice, and we experienced such a change, which required a change to our order of events,” said Susan LeBourdais, specialist, communications, corporate affairs, SABIC.
By Al Greenwood
Source: ICIS News
INEOS Styrolution, the global leader in styrenics, has today announced the official opening of a new world-scale ABS facility located in Ningbo, China, together with its joint venture partner SINOPEC. The facility has an annual nameplate capacity of 600,000 tonnes.
The merger of Röhm’s Acrylic Products business unit and SABIC’s Functional Forms business has resulted in the formation of Polyvantis. This new company will offer extruded products in the forms film, sheet, pipe and rod for markets that include building and construction, transportation and aviation, electrical and electronics, automotive and home and garden.
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