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petrochemicals News

Exxon and Saudi company betting heavy on plastics with Texas deal

Exxon Mobil Corp. and Saudi Arabia’s state-controlled petrochemicals company formally approved construction of a new $10 billion petrochemical complex in Texas that will process production from the Permian Basin’s booming oil and natural gas wells.

Saudi petrochemical giant SABIC posts 5.7% profit rise

Riyadh - Saudi petrochemical giant SABIC said Sunday its net profit rose 5.7 percent in the last quarter of 2013, compared with the same period the year before, on the back of lower costs.SABIC said its net profit reached $1.

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