Sabic, Saudi Aramco and Poland’s PKN Orlen sign pact to explore joint investment – The National

Sabic, Saudi Aramco and Poland’s PKN Orlen sign pact to explore joint investment – The National

Saudi Basic Industries Corporation (Sabic) and the kingdom's oil major Saudi Aramco have signed an initial agreement with Poland's refining company PKN Orlen to explore the potential of joint investments in petrochemical projects in Poland and markets in central and eastern Europe.

The three companies have agreed to study and collaborate on opportunities including a new chemical production unit in Poland and the expansion of several existing assets, Sabic said in a statement on its website on Thursday.

The companies will also study the development of a new cracker — a unit which converts convert crude oil into petrochemical feedstock — in Poland, it said.