(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.