SABIC Sinopec build polycarbonate plant at Tianjin facility, China

SABIC and Sinopec to build polycarbonate plant at Tianjin facility, China

2:48 PM, 17th June 2011
SABIC and Sinopec to build polycarbonate plant at Tianjin facility, China
Al-Mady, Vice Chairman and CEO, SABIC.

RIYADH, SAUDI ARABIA: Saudi Basic Industries Corporation (SABIC) and Sinopec will establish a new polycarbonate production plant with an annual capacity for 260 kilo ton on their existing joint venture-SSTPC.

Fully operational since 2010, Tianjin-based SSTPC (a 50:50 JV and established in October, 2009) produces various petrochemical products, including Ethylene, Polyethylene, Ethylene Glycol, Polypropylene, Butadiene, Phenol and Butene-1, among others.

The new polycarbonate production plant will be located in SSTPC and is expected to be operational by 2015. It will leverage SABIC’s world-class advanced polycarbonate technology using phosgene and Dichloromethane free process. The performance properties of purity, transparency and continuous process will bring local PC resin capabilities to a diverse customer base in China.

“Sinopec’s agreement on polycarbonate collaboration is another fruition of the deep and productive partnership with SABIC. This investment plays a critical role in completing our value chain and enhancing our competitiveness. The project will drive local economic development, satisfy growing demands for polycarbonate in Asia Pacific,” said Wang Tianpu, Vice Chairman and President, Sinopec .

“This new and exciting milestone is a strong endorsement of our partnership with Sinopec. The announcement will strategically position both companies as world-class producers of essential petrochemical supplies to meet increasing global demands for customers in China. Importantly, this agreement has set the stage for further growth in high-performance engineered thermoplastics,” said Mohammed Al-Mady, Vice Chairman and CEO, SABIC.

© WOC News




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