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SABIC eager to invest in Poland

April 25/2012

(Reuters) - Saudi Basic Industries Corp , the world's biggest petrochemical firm, has expressed interest in buying Polish chemical companies and co-operating with PKN Orlen, Poland's prime minister was quoted as saying on Monday.

Donald Tusk was visiting Saudi Arabia with the chief executive of PKN Orlen, Poland's top refining and petrochemical firm, and officials and businessmen.

"It is very likely that apart from SABIC's active participation in a potential privatisation of Polish firms, a mutual enterprise on quite a large scale in the petrochemical sector between Orlen and SABIC will be possible," Tusk was quoted as saying by the Polish press agency PAP.  (Reporting by Maciej Onoszko; Editing by Dan Lalor).

Orlen require partners in recovering petrochemical feedstock ethane from shale gas, and in rolling out an investment in the polyethylene terephthalate (PET) sector to further capitalise on its 600,000 tonne/year purified terephthalic acid (PTA) plant launched last year.

Author:Anna Larionova
Tags:PET, ethylene, Sabic.
Category:General News
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