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Article: Sabic, MRC team up to set up plant.
- Article from:
- Gulf Industry
- Article date:
- September 1, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Sabic and Mitsubishi Rayon Company Ltd (MRC) will participate equally in a billion-dollar joint venture to manufacture methyl methacrylate monomer (MMA) and polymethyl methacrylate (PMMA) in Saudi Arabia following a Letter of Intent (LoI) they signed.
MMA production capacity will be 250,000 tonnes annually while that of PMMA will be 30,000 tonnes. Start-up of the facilities is expected in 2013. The joint venture will utilise the ethylene-based Alpha process commercialised by Lucite, a wholly owned subsidiary of MRC, to manufacture MMA. Sabic will be responsible for the supply of key raw materials such as ethylene and methanol for the joint venture. The two ...