(MENAFN) Saudi Basic Industries Corp (SABIC) deal with Shenhua Ningxia Coal Industry Group aims to utilize coal in petrochemical industry.
Moreover, the project will cost almost USD3 to USD4bn and it is predicted to be finish by 2020.
The company goal is to spread its feedstock sources, as well as increase the firm competitiveness.
In addition, SABIC has been in the Chinese market for 30 years, with investments estimated at USD6bn and sales reaching USD7bn for the firm whole sales.
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