Tuesday, 26 September 2017 03:53 GMT

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Saudi SABIC, Mitsubishi Rayon sign USD1.2b agreement

(MENAFN) Saudi Basic Industries Corp. (SABIC) has signed a USD1.2 billion agreement with Mitsubishi Rayon to construct two plants in Saudi Arabia, according to Arab New



The new plants will be located in Jubail Industrial City and will be constructed by Taiwan's CTCI Corporatio



One of the plants is expected to produce 250,000 metric tons of Methyl Methacrylate Monomer (MMA) annually, and the other 40,000 metric tons of Poly Methyl Methacrylate (PMMA



Construction has already begun and should be completed in the first quarter of 2017, with commercial operations beginning later in that year
Saudi SABIC, Mitsubishi Rayon sign USD1.2b agreement

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