Saudi Basic Industries Corporation (SABIC) [2010.SE] has announced that it is currently studying the establishment of a petrochemicals complex in the United States gulf coast, in cooperation with a subsidiary of Exxon Mobil Corporation. According to the announcement, the petrochemicals complex will include an ethylene cracker that will feed other facilities to produce ethylene derivatives. The release noted that the project is in line with SABIC’s strategy to expand geographically and diversify its operations. (Tadawul)   SABIC: SAR84.06 as of 25 July 2016, Rating: Neutral, FV: SAR90.00 per share, MCap: USD67,248mn, SABIC AB / 2010.SE