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Mitsui to license polyurethane technology to SABIC

March 01/2012

(hydrocarbonprocessing) -- The Saudi Basic Industries Corporation (SABIC) signed a TDI and MDI technology license agreement with Mitsui Chemicals under which Mitsui will provide manufacturing technology for producing TDI and MDI. The firms say they will explore future possibilities to collaborate in the polyurethane (PU) business.

The Saudi Basic Industries Corporation (SABIC) signed a TDI and MDI technology license agreement with Mitsui Chemicals under which Mitsui will provide manufacturing technology for producing TDI and MDI. Toluene di-isocyanate (TDI) and methylene di-phenyl isocynate (MDI) are each raw materials for producing polyurethane.

The agreement also provides for joint technology development in TDI/MDI, officials said. The agreement was signed by Mohamed Al-Mady, SABIC chief executive, and Toshikazu Tanaka, Mitsui Chemicals CEO, at SABICs headquarters in Riyadh on February 26.


Al-Mady said that it would spearhead a strategic collaboration between the two companies to explore future possibilities to collaborate in the polyurethane (PU) business.


mrcplast.com

Author:Anna Larionova
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Category:General News
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