Industry News
SABIC Backs Rongsheng in 67.5 Billion Yuan Zhoushan Petrochemical Project
China's Rongsheng Group is advancing a 67.5 billion yuan new materials petrochemical complex on Jintang Island in Zhoushan with strategic capital from Saudi Arabia's SABIC. The project targets high value-added downstream chemical products including performance resins and specialty polyesters. The collaboration establishes an integrated cross-border supply chain combining Gulf energy resources with Chinese engineering and manufacturing.
