SABIC Pulls Out Of Caribbean Methanol Project
Saudi Basic Industries Corporation (SABIC) has pulled out of a proposed $5.3bn methanol-to-olefins project in Trinidad and Tobago, along with partner Sinopec of China. In a statement to the Saudi Stock Exchange (Tadawul) on 3 March, SABIC said: “The relevant parties did not reach a deal on the fundamental conditions for this project and SABIC’s decision in consultation with the concerned...
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