RIYADH, Jan 18 (Reuters) - Saudi Basic Industries Corp 2010.SE (SABIC) said on Monday that its joint-venture with China's Sinopec has obtained financing worth a total of $2.68 billion for their Tianjin petrochemical complex.
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SABIC also said in a statement that it has started trial operations at an ethylene plant and other plants in the Tianjin complex which has a production capacity of 3.2 million tonnes per year, it added.
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The joint-venture obtained 12.26 billion yuans ($1.8 billion) long-term financing from Chinese lenders and 6 billion yuans to cover its working capital needs, SABIC said in a statement.