Saudi Basic Industries Corp., the world’s largest petrochemicals producer, is in talks over a potential methanol plant venture in Trinidad and Tobago, according to Chief Financial Officer Mutlaq al-Morished.
Talks are being conducted under a confidentiality agreement, al-Morished said today at a conference in Dubai, without giving any further details.
The majority government-owned company known as Sabic, which produces methanol in Saudi Arabia, is expanding to meet rising demand for petrochemical products in growing economies including China and India.
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