Aramco to Acquire Major Stake in China's Petrochemical Giant Hengli

BEIJING--April 26, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Saudi Aramco (Dhahran, Saudi Arabia) recently signed a memorandum of understanding (MOU) to acquire a 10% share stake in Chinese petrochemical major Hengli Petrochemical from its parent Hengli Group (Suzhou, China).