Weekly MENA Newsletter will be delivered to your email in PDF format every Friday (52 Issues per Year).
Saudi petchems producer Sipchem has started up the Mideast’s first ethylene vinyl acetate (EVA) plant. The firm’s International Polymers Company affiliate (75% Sipchem, 25% Korea’s Hanwha), has begun test production at a 200,000 tons/year plant at Jubail producing EVA as well as low-density polyethylene (LDPE). Commercial output will begin “in due course.”
Sipchem estimates the development costs at SR3bn ($800mn). The company says EVA is typically used as a feedstock for producing heat soluble adhesive resins, while LDPE is a commodity plastic used in large-scale industries such as packaging. However, some of this plant’s output will be used to supply a nearby cable insulation polymers plant. This is operated by another Sipchem affiliate, Gulf Advanced Cables Insulation Company, which began test operations in March. (CONTINUED - 280 WORDS)