SABIC Europe cracker project on hold
"Main cause for the high investment costs is the current overstrained market situation in the global contracting and construction market due to the many investments projects in the oil, gas and energy market worldwide. " explains Frans Noteborn, CEO of SABIC Europe.
SABIC remains committed to its strategy of growth for the important European market. To realize this strategy, all options like upgrading of the current asset base, supply from the global SABIC system to strengthen the existing portfolio will be reviewed in the coming months.
Other news from the department manufacturing
Get the chemical industry in your inbox
From now on, don't miss a thing: Our newsletter for the chemical industry, analytics, lab technology and process engineering brings you up to date every Tuesday and Thursday. The latest industry news, product highlights and innovations - compact and easy to understand in your inbox. Researched by us so you don't have to.