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SABIC and Sinopec to invest in polycarbonate plant

May 17/2011

(Arabian Oil and Gas) -- SABIC and China Petroleum & Chemical Corporation (Sinopec Corp) have announced a memorandum of understanding (MOU) to collaborate on a polycarbonate production in China. This new agreement will add to SABICs joint-venture with Sinopec, SSTPC (Sinopec SABIC Tianjin Petrochemical Company). A joint investment between both companies will fund a new polycarbonate production plant with an annual capacity for 260 KT.

Fully operational since 2010, Tianjin-based SSTPC (a 50:50 JV and established in October, 2009) produces various petrochemical products, including ethylene, polyethylene, ethylene glycol, polypropylene, butadiene, phenol and butene-1, among others.

The new polycarbonate production plant will be located in SSTPC and is expected to be operational by 2015. It will leverage SABICs world-class advanced polycarbonate technology using phosgene and Dichloromethane free process. The performance properties of purity, transparency and continuous processing will bring local PC resin capabilities to a diverse customer base in China.

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