The company said in a statement to the Saudi market (Tadawul) today, that the preparation phase for the trial operation of the joint venture for petrochemical industries with ExxonMobil in the US Gulf Coast has begun. /p>
She indicated that the project includes establishing an ethylene production unit with an annual production capacity of 1.8 million tons, which will be used to feed two units for the production of polyethylene and another for the production of monoethylene glycol.< /p>
This project supports SABIC's expansion strategy, diversifies sources of feedstock, and enhances the company's presence in the North American petrochemical industry through a wide range of products.< /p>
SABIC expects this project to have a positive impact on the consolidated financial statements; And that is after the completion of the project and the start of commercial operation, which will be announced at the time.
