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SABIC to see continued growth in Chinese polymers markets: Executive VP

Singapore — SABIC's polymer business would see continued growth in China, amid astrong economic outlook, riding on continued growth in piping and the buildingand construction sectors, SABIC's executive vice president for petrochemicalsAbdulrahman Al-Fageeh told S&P Global Platts at last week's ChinaPlas 2018.

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Among the products that SABIC had identified as having the most potentialfor growth were polycarbonate and polyethylene.

"SABIC has already invested more than $1.8 billion in the Chinese market,including compounding facilities and joint ventures with Chinese companies,and will continue to expand our business in China," Al-Fageeh said during aninterview with S&P Global Platts.

Piping, as well as the building and construction sectors were SABIC'score segments in the Chinese polymers market, and Al-Fageeh saw continuedgrowth in these sectors.

Al-Fageeh said that he considers China's drive for self-sufficiency as anopportunity for SABIC to be a local player in China. "SABIC is moving ahead with plans to build the world's largestpolycarbonate plant in Tianjin, China, with affiliate Sinopec Sabic TianJinPetrochemical Company Limited (SSTPC), with a planned capacity of 260,000 mtof polycarbonate per year," Al-Fageeh said.

The new polycarbonate plant was expected to be operational by 2020.

In addition to PC, SABIC also planned to continue growing itspolyethylene business in China.

It had showcased its NEXLENE process technology at ChinaPlas, whichenabled the creation of specialty PE products to meet the increased demand forflexible packaging.

Al-Fageeh added that SABIC was also actively seeking other businessopportunities in China.

"China is the key strategic market for SABIC's petrochemical business.Producing highly differentiated and value-added PE products for variousapplications will enhance our position as top PE supplier in the world,"Al-Fageeh said.

--Frank Zeng, frank.zeng@spglobal.com

--Edited by Norazlina Juma'at, norazlina.jumaat@spglobal.com