Saudi Basic Industries Corp (Sabic) has launched an ambitious public auction of industrial assets from its facilities in La Aljorra, Spain, specifically from the LX2 polycarbonate plant and the HPP plant following their permanent closure. The auction comprises 141 lots divided into two specialised events.
The Middle East war's effect on rated chemical players in the Middle East will depend largely on its duration and how long the Strait of Hormuz remains disrupted, S&P Global Ratings said in a report published on Thursday.
