SABIC Affiliate Buys Into Online Chemical Commerce
The Saudi Basic Industries Corporation (SABIC) announced on 4 March that its US affiliate, SABIC Americas Inc, had purchased equity in ChemConnect, a San Francisco-based electronic commerce company. SABICs holding in the company was not disclosed, but it is a minority share. By buying into ChemConnect, SABIC will be able to engage in e-commerce, trading chemicals and plastics online. SABIC said it made...