17.09.2018 • News • Dede Willams • Invista • SABIC

Sabic and Invista support Fujian Investment

Saudi petrochemicals and plastics giant SABIC has signed a Memorandum of Understanding with China's Fujian provincial government to build a petrochemical complex.

SABIC said the MoU is part of its strategy to diversify its operations, seek new investment opportunities and strengthen its position in the Chinese market while at the same becoming a global leader in the specialties sector.

Also at Fujian, US nylon producer Invista has awarded a licence to Baihong Industrial Holdings for a large-scale PTA plant to feed existing facilities that will produce PET films and fibers. Baihong group company Fujian Billion Petrochemicals recently acquired a license from Invista for the 2.5 million t/y unit. Construction is due to start in mid-2020. A date for completion has not been announced.

Fujian Billion's two operating units, Fujian Billion Polyfiber Technology and Fujian Billion High-tech Materials – both based in Jinjiang – produce polyester fiber and PET film, mainly for domestic consumption.

Virtual Event

CHEManager Spotlight

Digitalization in the Chemical Industry

Save the Date: October 22, 2025
The event will be promoted to a combined audience of over 100,000 professionals across Europe through the CHEManager and CITplus networks.

Interview

Strategic Response to a Shifting Pharma Landscape

Stability in Motion

Stefan Oelrich, Member of the Board of Management and President Pharmaceuticals, Bayer, discusses navigating external volatility, reshaping its internal structures, and investing in future-ready capabilities to ensure sustainable growth.