Saudi Basic Industries stated on April 7 that it plans to build a new American headquarters in Houston, USA, hoping to take advantage of the US shale gas resources to enter the chemical industry. Sabic said that the final decision will depend on the time to obtain local and environmental permits.
Sabic said that the US market has been a focus of future growth plans, hoping to make full use of the United States' abundant shale gas resources. Sabic and ExxonMobil are considering building a large chemical plant in Corpus Christi, Texas. The project includes 1.8 million tons. Tonne/year ethane cracking unit. One ethylene glycol (MEG) unit and two polyethylene (PE) units.