Saudi Sabic, Clariant Ink MoU

published:19/09/2018 10:32 GMT

Sabic, the world’s third largest diversified petrochemicals company, has signed an agreement with Clariant towards taking steps to establish certain elements of its Specialties business as a stand-alone business. The strategic purpose of this is to prepare the Specialties business to participate in further organic and inorganic growth, including a transaction under discussion with Clariant. The memorandum of understanding (MoU) would enable Clariant to create a new, “High Performance Materials”...More