Saudi Basic Industries Corp. — Regulatory Filings 2012

Nov 12, 2012

SABIC and Shell announce to study future Polyols and SMPO projects

2010 · 12/11/2012 09:02:22 · Announcement #27641 · View on Saudi Exchange

SABIC and Shell announce to study future Polyols and SMPO projects

SABIC and Shell agreed on Sunday November 11, to expand their partnership through their Saudi Arabia Petrochemical Company (SADAF) joint venture, (one of SABICs affiliates). SABIC and Shell will jointly conduct the necessary studies on the SMPO and polyols projects before taking a final investment decision. SABIC and Shell have also agreed to build on their strong long-term relationship to explore international petrochemical opportunities beyond SADAF and Saudi Arabia. Saudi Arabia Petrochemical Company (SADAF) is a 50/50 joint venture between SABIC and Shell. The two companies will in due course announce any further major updates regarding their partnership

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