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Sipchem invests in a new center for Research and Development

August 05/2011

(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.


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