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SABIC opens first Pom plant in Middle East as part of growth strategy

April 12/2018

MOSCOW (MRC) -- SABIC has inaugurated the first ever polyacetal (POM) plant in the Middle East and Africa region at its joint venture manufacturing affiliate, The National Methanol Company (Ibn Sina), in Jubail, marking another milestone in its growth strategy in the highly competitive global engineering thermoplastics industry, as per Hydrocarbonprocessing.

The new plant, with a capacity of 50,000 metric tons, was opened with a ceremony in the presence of SABIC Vice Chairman and CEO, Yousef Al-Benyan, SABIC executives and representatives from the joint venture partner, CTE, which is jointly owned by Celanese Corporation and Duke Energy. The new plant reflects SABICs 2025 strategy to provide new polymer solutions that answer customer challenges for changing market requirements, while supporting the development of local content in national industries, in line with the objectives of Saudi Vision 2030.

Abdulrahman Al-Fageeh, Executive Vice President of Petrochemicals at SABIC, commented, "The startup of the plant reflects our strategic commitment to diversify our solutions. We seek to create long-term value for our customers in a range of industries, including automotive, building and construction, consumer goods, appliances and lighting. This is how we create Chemistry that Matters."

Marcel van Amerongen, Vice President, Celanese added, "Ibn Sina is a fine example of successful collaboration between two large industrial companies by combining knowledge and a strong commitment. The new plant is expected to make a long-term contribution to the local economy and support the growth of the plastics industry."

Polyacetal is a semi-crystalline thermoplastic material that has the potential to replace metal in many applications due to its high strength, exceptional dimensional stability and ease of machining. It makes an excellent candidate for applications in diverse industries such as automotive, construction, electronics, appliances, commodities, and consumer goods.

As MRC informed previously, in September 2017, SABIC continued its global expansion with the inauguration of a new polypropylene (PP) pilot plant in Geleen, the Netherlands, and the announcement of a new investment in a state-of-the-art PP extrusion facility to be built at the same location.

SABIC ranks among the world�s top petrochemical companies, and is among the world's market leaders in the production of polyethylene, polypropylene, advanced thermoplastics, glycols, methanol and fertilizers. SABIC manufactures on a global scale in Saudi Arabia, the Americas, Europe and Asia Pacific. The company operates in more than 50 countries across the world with 40,000 employees worldwide.


mrcplast.com
Author:Margaret Volkova
Tags:PP, elastotermoplast, car components, construction, electrical goods, Sabic, Netherlands, Saudi Arabia.
Category:General News
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