Sinopec and Saudi Arab> large -scale cooperation agreement for refining chemical industry to further strengthen cooperation.Not According to Xinhua News Agency, Sinopec and Saudi Arabia signed a cooperation framework agreement on Saturday (December 10) on Saturday (December 10).10,000 tons/year -old ethylene cracking and downstream derivatives integrated devices are expected to be put into operation by the end of 2025.Not At the same time, Sinopec signed a memorandum of understanding of cooperation with Saudi Arabia and Saudi Basic Industry Corporation. It is intended to jointly develop a large project of liquid raw materials into chemical products in Saudi Arabia.Realize collaborative optimization.Not Yu Baocai, president of Sinopec Co., Ltd., said that this cooperation is a new milestone made on the basis of existing cooperation, which fully demonstrates the high mutual trust and mutual recognition of all parties.confidence.Not Saudi Arabia is a global integrated energy and chemical company. It is one of the largest oil companies in the world. Employees are all over the world.Saudi Basic Industry Corporation is one of the world's leading diversified chemical companies. The headquarters is located in Saudi Arabia Arabia. The company's manufacturing factories are all over the world. Products cover chemicals, universal and high -performance plastics.