Mitsui Chemicals provide TDI-MDI technology license SABIC
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Mitsui Chemicals to provide TDI-MDI technology license to SABIC

8:36 PM, 29th February 2012
Mitsui Chemicals to provide TDI-MDI technology license to SABIC
Mohamed Al-Mady, CEO and Vice Chairman, SABIC.

TOKYO, JAPAN/ RIYADH, SAUDI ARABIA: The Saudi Basic Industries Corporation (SABIC) has signed a toluene diisocyanate (TDI) and methylene di-para-phenylene isocyanate (MDI) technology license agreement with Mitsui Chemicals, in keeping with the company’s strategic plan to be a global leader in polyurethane and serve its customers with value-added services, solutions and products. Under the agreement, Mitsui will provide manufacturing technology for producing TDI and MDI, which are both raw materials for producing polyurethane. The agreement also provides for joint technology development in TDI/MDI.

“The agreement will spur our strategic business plan to penetrate the global polyurethane market as well as power the ambition and competitive advantage of our customers for the long term. It will also enable a fast development of polyurethane application industries in Saudi Arabia, especially with regards to thermal insulation which will contribute to employment creation as well as energy savings,” said Mohamed Al-Mady, CEO and Vice Chairman, SABIC.

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