The company recently announced the three major investment projects that should help achieve this goal. Abdulrahman al-Fageeh, executive vice president / petrochemicals in, SABIC, outlined some plans. This he said on Wednesday in an interview with reporters backstage HISChemical launched in Düsseldorf Exhibition «K-2016.”

Al-Fageeh SABIC also addressed the role of the program in accordance with the Saudi «Vision 2030″ Arabia, which byldo recently announced and which seeks to diversify the economy, not relying only on crude oil. “In accordance with the« Vision 2030 “petrochemicals will play a major role in strengthening the economy and scope of changes that occur in the refining industry …. We started to encourage and support the oil refining industry in Saudi Arabia a long time ago. Now we have more than 800 converters, and we produce more than 3 million tons of plastic products “, – he says.

Meanwhile, one of the pillars of SABIC’s strategy in 2025 – the diversification of raw materials for industry. The company has announced three major projects to support this strategy: a joint venture ‘coal-in-chemicals “in China with a Chinese partner, a major petrochemical project based on shale gas in the US Gulf Coast with ExxonMobi Chemicall, and the joint venture” oil- in chemical substance “with Saudi Aramco in Saudi Arabia.

SABIC is in the final phase of a feasibility study to build their next plant in Saudi Arabia for the production of polyethylene-based Nexlene C8 metallocene process.

The company already operates a joint enterprise with the SK Ulsan (South Korea), which has a capacity of 230,000 metric tons of polyethylene per year Nexlene. He notes that the product has a light weight, suitable for packaging, and ekologoicheski steady.