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发帖数: 31 | 1 呼唤大牛解读
Saudi Basic Industries Corp., the world’s second-biggest chemicals
manufacturer, plans to expand investment in U.S. shale gas projects through
joint ventures, according to acting Chief Executive Officer Yousef al Benyan.
Sabic, as the company is known, signed an agreement with Houston, Texas-
based Enterprise Products Partners L.P. to get shale gas, al-Benyan said in
an interview in Riyadh. The company may use the feedstock in the U.S. or
export it to other countries such as the U.K., he said. Sabic has converted
crackers at U.K. plants to use shale gas as feedstock to produce olefins and
their derivatives more competitively.
“The main areas in the U.S. we are looking to invest in are the northeast
and the south as they fit our overall expectations including government
support, labor laws and unions,” al-Benyan said. “At this point we are not
looking to acquire any U.S. companies.”
Sabic, which in 2007 bought General Electric Co.’s plastics unit for $11.6
billion, said in April it plans to expand in China and the U.S. because it’
s difficult for the company to grow in Saudi Arabia due to a shortage of gas
. The Marcellus shale formation spread across Pennsylvania, West Virginia
and Ohio is America’s biggest natural gas producer, with output rising more
than 14-fold since January 2007.
Sabic won’t be directly involved in Saudi Arabia’s shale production, he
said. The discovery of shale gas in the country will “open up some
opportunities for indirect investments for Sabic,” al-Benyan said. |
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