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SABIC PMMA plant to be commissioned in Q2

April 12/2017

MOSCOW (MRC) -- SAMAC Poly Methyl Methacrylate Plant, which is a joint venture between Saudi Basic Industries Corp. (SABIC) and Mitsubishi Rayon Co. Ltd, is expected to be commissioned in the second quarter of 2017, said Argaam
Commercial operations will begin six months following the commissioning, it said. This follows the successful completion of the mechanical works at the plant on April 9, SABIC said.
The company expects an impact to show on its financial results after the beginning of the commercial operations.
In 2014 SABICs Saudi Methacrylates Company (SAMAC) entered into strategic partnership with Mitsubishi Rayon worth SAR 1.35 billion to build and operate two manufacturing plants in Jubail Industrial City.
The first plant is to produce methyl methacrylate monomer (MMA) with a 250,000-metric-ton annual capacity, and the other is to produce poly methyl methacrylate (PMMA) with an annual capacity of 40,000 metric tons.

As MRC informed before, in October 2016, Sabic announced that it had developed next generation low density polyethylene (LDPE) foram grades. The first product of a new generation of LDPE foam grades from SABIC was designed to increase production efficiency at the foam manufacturer.

Saudi Basic Industries Corporation (SABIC) ranks among the world�s top petrochemical companies. The company is among the world�s market leaders in the production of polyethylene, polypropylene and other advanced thermoplastics, glycols, methanol and fertilizers.
Author:Anna Larionova
Tags:petroleum products, petrochemistry, Crude oil, Sabic, Saudi Arabia.
Category:General News
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