Industries Corporation (SABIC) said on Tuesday its
US subisidiary SABIC Americas signed a deal with Lummus
Technology to develop a technology to produce paraxylene.
The deal would allow SABIC Americas and Lummus, part of CB&I, commercialise the toluene methylation (TM) technology
to produce paraxylene.
"This project is aligned with SABIC's strategy to be a
technology provider and licensor," Abdulrahman Al-Ubaid, SABIC's
executive vice president for technology and innovation, said in
Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.