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(Plastemart) -- The Saudi
International Petrochemical Company (Sipchem) announced that it has spent over
SR150 mln to construct its corporate Research and Product & Application
Center - at the Dhahran Techno Valley (DTV) of King Fahd University of Petroleum
and Minerals (KFUPM).
Sipchem has previously signed a memorandum of understanding with the
Ministry of Petroleum and Minerals and King Fahd University of Petroleum and
Minerals for the establishment of the center on a 15000 square meters area at
DTV. Based on this memorandum Sipchem shall construct, manage and operate this
center.
Sipchem has already started the construction of the center at the site.
The center has been designed on the most modern building designs that contain
state-of-the-art laboratories and equipment with the objective of developing the
usage of polymer products and the downstream industries in the Kingdom which
currently include more than 860 plants. The company targets to start operation
of the center in the middle of 2012.
mrcplast.com
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