HANGZHOU, China, July 21, 2026 /PRNewswire/ — A news report from: Shenzhen Panorama Network On July 16, Chinese chemical materials giant Rongsheng Petrochemical announced that the Company and its wholly owned subsidiary Rongsheng New Materials signed with Saudi Basic Industries Corporation (SABIC) a Project Development Agreement Regarding the New Project, under which the parties will carry out in-depth cooperation on the Jintang New Materials Project.Under the agreement, Rongsheng Petrochemical and SABIC are evaluating a potential equity investment by SABIC of no less than 30% and no more than 50% in Rongsheng New Materials, which may position the project as a strategic collaboration…