Sabic to speculate practically £1bn in Teesside plant
![Saudi, Sabic, chemistry, giant, investment, 1 billion, 1 billion](https://poeticbusiness.co.uk/wp-content/uploads/2021/10/Saudi-chemical-giant-to-invest-nearly-1bn-in-Teesside-plant.jpg)
IMAGE SOURCE: GETTY IMAGES Sabic is one of the world’s largest petrochemical manufacturers, the company told Reuters, the investment of almost a billion is part of the company’s plans to initially reduce its carbon footprint by up to 60%. Boris Johnson said the investment was a “huge vote of confidence” in the UK chemical industry.