SABIC seeks alliances for sustainable development

SABIC, the Middle East's largest petrochemical company, said it would continue to invest in China and the Chinese market is becoming increasingly attractive to foreign multinationals as China's economy matures.

"We are planning to invest more in China in the future, mainly focusing on chemical products, including polyethylene and methanol, considering the successful investment and cooperation we've had in the country with companies like Sinopec," Yousef Abdullah Al-Benyan, vice-chairman and chief executive officer of the Saudi Arabian company, told China Daily.

"The company will further deepen energy cooperation with old partners while continuing to seek new partnerships for sustainable development."