Mitsubishi Rayon SABIC jointly build MMA, PMMA plants

Mitsubishi Rayon and SABIC to jointly build MMA, PMMA plants

2:50 PM, 31st May 2011
Mitsubishi Rayon and SABIC to jointly build MMA, PMMA plants
Masanao Kambara, President, Mitsubishi Rayon Co Ltd (MRC).

 

The company informed the new MMA plant will be the largest ever built, with a 250,000 metric ton annual capacity.

 

TOKYO, JAPAN: Mitsubishi Rayon Co Ltd (MRC) and Saudi Basic Industries Corporation (SABIC) have announced the formation of a joint venture company, to build and operate two plants - one for methyl methacrylate (MMA) and other for polymethylmethacrylate (PMMA) - at one of SABIC’s manufacturing affiliates in Jubail, Saudi Arabia.

 

The next phase of this project will focus on the basic engineering design, completion of: supply agreements, regulatory approvals and necessary details for the joint venture incorporation, implementation and execution activities.

 

The MMA plant will be the largest ever built, with a 250,000 metric ton annual capacity. It will use Lucite International’s (LI) Alpha technology, wherein LI is a subsidiary of MRC acquired in 2009. The PMMA plant will be based on MRC technology and will have an annual capacity of 40,000 metric ton.

 

MRC and SABIC have entered into the new partnership to further their strategic goals. MRC, the global leader in the methacrylates industry, will strengthen its leadership position by utilizing readily available raw materials in Saudi Arabia and building up a new production facility in the Middle East region. SABIC will broaden its specialty portfolio by drawing on the technological expertise of MRC.

 

“This partnership with SABIC will help us to meet long term supply commitments to our MMA and PMMA customers. As the global leader we have a responsibility to ensure reliability of supply and this investment will enable us to deliver continuous improvement,” said Masanao Kambara, President, MRC.

 

Koos Van Haasteren, SABIC Executive Vice President, Performance Chemicals, commented the joint venture operation would be the basis for a strategic entry into the acrylics business. “We will be building on a breakthrough technology, with a strong partnership and integrated feedstock. Moreover, the global market for MMA is growing at a rapid pace. New applications are driving this increase in demand and we are committed to meeting our customer growth requirements worldwide,” said Haasteren.

 

The MMA/PMMA joint venture project will have a positive impact on value creation in Saudi Arabia, enabling industry to move further downstream.

© WOC News

 

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