Saudi Basic Industries Corporation (SABIC) [2010.SE] has announced that the JV between SABIC and Ningxia Coal Industry Group (SNCG) to build a petrochemicals complex in China would cost USD3-4bn. The company had earlier signed an agreement for the project  with the government of the Ningxia Region and SNCG. SABIC’s CEO, Yousef Al-Benyan, noted that the project is expected to be ready by 2020 and that it comes in line with SABIC’s plan to diversify its feedstock. (Reuters)   SABIC: SAR82.09 as of 01 September 2016, Rating: Neutral, FV: SAR90.00 per share, MCap: USD65,672mn, SABIC AB / 2010.SE