SABIC, Asahi Mitsubishi jointly build plant AN NaCN

SABIC, Asahi and Mitsubishi to jointly build plant for AN and NaCN

4:25 PM, 28th April 2011
SABIC, Asahi and Mitsubishi to jointly build plant for AN and NaCN
Mohamed Al-Mady, Vice Chairman and CEO, SABIC.

 

RIYADH, SAUDI ARABIA: Saudi Basic Industries Corporation, Asahi Kasei Chemicals and Mitsubishi agreed to form a joint venture, to build a plant for manufacturing acrylonitrile and sodium cyanide, with subsequent sales and distribution to be carried out by the partners. The joint venture, a limited liability company - Saudi Japanese Acrylonitrile Company will be based in Saudi Arabia.

The agreed plan is to establish world-scale plants with capacities of 200,000 metric ton annually of AN and 40,000 metric ton annually of NaCN at one of the SABIC affiliates’ sites in Jubail Industrial City, Saudi Arabia.

“A key driver for the project is the growth and diversification of the manufacturing sector in Saudi Arabia. AN and NaCN are very important chemicals for downstream diversification into acrylonitrile butadiene styrene (ABS), carbon fibre, acrylic fibre, acrylamide and others which serve various industries. In particular NaCN will support the local mining industry in Saudi Arabia,” said Mohamed Al-Mady, Vice Chairman and CEO, SABIC.

The Asahi Kasei Group predicts growing demand for AN worldwide. The Asahi Kasei Group commented that the new capacity, joined with their other production in Japan and Korea, will make them the largest producer of AN in the world at some 1.4 million ton per year. The project will also focus on carrying out all necessary details for the JV incorporation and project evaluation, implementation and execution activities with final decision on capital expenditure during 2012.

(C) WOC News

 

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