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SABIC, Sinopec In Talks With Trinidad Over Methanol Plant
Saudi Press Agency Published in Saudi Press Agency on 12 - 02 - 2012

Saudi Basic Industries Corp. (SABIC) and China Petroleum & Chemical Corp (Sinopec) have started negotiations with Trinidad and Tobago to build a $5.3 billion methanol complex there, SABIC said on Saturday.
SABIC and its Chinese partner obtained the approval of Trinidad and Tobago on February 9 after bidding against other international companies, SABIC said in a statement on the Saudi bourse website.
"This approval marks the launch of negotiations to build the complex and is not binding to either side until final agreement is reached," SABIC was quoted as saying by Reuters.
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