13 August, 2024 15:49:56 IST 
Saudi Arabian chemicals supplier, SABIC, has signed a potential investment agreement with the Fujian government, under the auspices of the Saudi Ministry of Energy, to build an engineering thermoplastics compounding plant in China’s Fujian Province.
The planned compounding plant will be located in the Gulei Port Economic Development Zone, Zhangzhou, Fujian. It will primarily produce pelletised Lexan branded polycarbonate (PC) and Cycoloy PC/ABS blends for use in advanced materials tailored to the needs of industries including electrical and consumer electronics, automotive, and emerging sectors such as solar energy, electrification, and 5G. The site will include compounding lines, colour development capabilities, and advanced equipment.
In addition to the planned engineering thermoplastics compounding plant, SABIC operates a SABIC Technology Centre in Shanghai and three compounding plants in Guangzhou, Shanghai and Chongqing, alongside operations in 17 cities across Greater China.
The new plant is also expected to create synergies with SABIC’s two existing joint ventures – Sinopec SABIC Tianjin Petrochemical Co. Ltd. (SSTPC) and SABIC Fujian Petrochemicals Co. Ltd. (SFPC).
Mr. Abdulrahman Al-Fageeh, SABIC CEO said, “By creating synergy with upstream and downstream partners, the project aims to strengthen our supply capability in compounding products and serve this important strategic market with innovative and consistently high-quality material solutions.”
