Sabic, Saudi Arabia’s largest chemicals company, has been given the go-ahead by United States authorities to export liquefied natural gas from the US to the UK as part of its worldwide expansion.
Mohamed Al Mady, Sabic's chief executive, also said the company was planning to announce an investment in US shale gas shortly. "Shale gas is very important for us. Hopefully we will announce something in the near future about investment in US," he said on the sidelines of the GPCA Forum in Dubai, an annual petrochemicals industry gathering.
Sabic has won approvals in Britain and some government funding to convert a 90-hectare Olefins cracker in Wiltshire, southern England, to be able to handle US shale gas.
Mr Al Mady said plans were on track and the conversion is set to begin next year and be completed the year after.
The move is part of a broader restructuring of Sabic’s European businesses, which have been suffering from weak demand and squeezed margins. Sabic also has recently expanded into China.
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Cricket World Cup League 2
UAE squad
Rahul Chopra (captain), Aayan Afzal Khan, Ali Naseer, Aryansh Sharma, Basil Hameed, Dhruv Parashar, Junaid Siddique, Muhammad Farooq, Muhammad Jawadullah, Muhammad Waseem, Omid Rahman, Rahul Bhatia, Tanish Suri, Vishnu Sukumaran, Vriitya Aravind
Fixtures
Friday, November 1 – Oman v UAE
Sunday, November 3 – UAE v Netherlands
Thursday, November 7 – UAE v Oman
Saturday, November 9 – Netherlands v UAE
If you go
COMPANY PROFILE
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Occupation: Co-founder of Dots and Links
Nationality: Jordanian
Family: Married, Mother of Yahya, 3.5
Favourite Quote: A Chinese proverb that says: “Be not afraid of moving slowly, be afraid only of standing still.”
The specs: 2019 Mini Cooper
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Engine: 1.5-litre four-cylinder (Cooper) / 2.0-litre four-cylinder (Cooper S)
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Torque: 220Nm @ 1,480rpm (Cooper) / 280Nm @ 1,350rpm (Cooper S)
Transmission: Seven-speed automatic
Fuel consumption, combined: 4.8L to 5.4L / 100km
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Transmission: seven-speed
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Man of the match Nathan Redmond (Southampton)
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England squad for the first Test Cook, Stoneman, Westley, Root (captain), Malan, Stokes, Bairstow, Moeen, Roland-Jones, Broad, Anderson, Woakes, Crane
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1st Test Aug 17-21, Edgbaston
2nd Test Aug 25-29, Headingley
3rd Test Sep 7-11, Lord's
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Label: Warner Records
Number of tracks: 11
Rating: 4/5