Sabic Invests in US Shale Gas Industry

  • Author:
  • Published: 27 July 2015
  • Copyright: Wiley-VCH Verlag GmbH & Co. KGaA, Weinheim
  • Source / Publisher: Sabic
  • Associated Suppliers: Saudi Basic Industries Corporation (SABIC), Riyadh, Saudi Arabia
thumbnail image: Sabic Invests in US Shale Gas Industry

Sabic’s Chief Executive Officer Yousef al Benyan said that the company plans to expand investment in US shale gas projects through joint ventures and has signed an agreement with Enterprise Products Partners L.P., Houston, TX, USA, to get shale gas. The company may use the feedstock in the US or export it to other countries such as the UK. Sabic has converted crackers at plants in the UK to use shale gas as feedstock to produce olefins and their derivatives more competitively.

Sabic is mainly looking to invest in the northeast and the south of the US. At this point, they say they are not looking to acquire any US company. They want to expand in the US and in because it is difficult to grow in Saudi Arabia due to a shortage of gas.


Article Views: 1795

Sign in Area

Please sign in below

Additional Sign In options

Please note that to comment on an article you must be registered and logged in.
Registration is for free, you may already be registered to receive, e.g., the newsletter. When you register on this website, please ensure you view our terms and conditions. All comments are subject to moderation.

Article Comments - To add a comment please sign in

Bookmark and Share

If you would like to reuse any content, in print or online, from, please contact us first for permission. more

CONNECT: on Facebook on Twitter on YouTube on LinkedIn Sign up for our free newsletter

Magazine of Chemistry Europe (16 European Chemical Societies)published by Wiley-VCH