Sabic mulls collaboration with value chain partners

Saudi Arabian petrochemicals company Sabic is committed to further collaborating with upstream and downstream value chain partners to unlock huge opportunities in China, thereby driving the innovative development and structural transformation of the petrochemicals industry in the country, its top executive said.

"China, as one of our priority markets that contributes close to 20 percent share of Sabic's total revenue, stands at the forefront of our preferred investment destinations," said Sabic CEO Abdulrahman Al-Fageeh.

"With a double-digit year-on-year growth in volume here that accounts for more than half of total volume in Asia, Sabic will continue to seize the opportunities in China as a 'local player' with a strong local strategy and thrive to become the preferred world leader in chemicals," he said.