SABIC eyeing US shale gas opportunities
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SABIC eyeing US shale gas opportunities

SABIC eyeing US shale gas opportunities

Mohamed al-Mady, the chief executive of Saudi Basic Industries Corp (Sabic) is considering investing in the US to capitalise on the shale gas boom, Reuters has reported. "We have to participate in the shale gas business and we have to participate in other sources that can also be competitive," said al-Mady. Sabic will continue to plan new projects in Saudi Arabia, such as a polyacetal (POM) plastic facility in Jubail and synthetic glass (PMMA/MMA) and carbon-fibre projects in Yanbu, he said. "We have many intermediate projects coming with the Japanese, with others," added al-Mady.

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