Industry News

Sipchem Awards Ethyl Acetate Contract to eTEC

Published on 2011-01-10. Author : SpecialChem

Saudi International Petrochemical Company (Sipchem) announced that it has awarded the Engineering, design and construction (LSTK) contract for its Ethyl Acetate Plant to eTEC Engineering & Construction Company, Korea .The plant will produce Ethyl Acetate (EA) and Butyl Acetate (BA) with an annual production capacity of 100 thousand metric tons in its industrial complex in Jubail Industrial City. This plant comes as a part of Sipchem's growth in downstream products in full integration with current products portfolio.

Earlier Sipchem had the signing of a licensing agreement with the French company Rhodia for the use of its technology in this project. The Ethyl Acetate plant is expected to start production during the second quarter of the year 2013. The product will be used in the inks industry, for industrial solvents and as granules used in surface coatings.

The Ethyl Acetate Plant is expected to satisfy all local needs in addition to meeting the demand of the international markets for EA and BA. The plant will be wholly owned by Sipchem.

About Sipchem

Saudi International Petrochemical Company (Sipchem) is a Saudi Company listed in Saudi Stock market. The company was established on December 22, 1999, with a current paid in capital of SR 3.3 billion (US$ 880 million). Sipchem actively develops and invests in petrochemical and chemical industries, both basic and intermediate to produce chemicals used to manufacture a multitude of products that improve the lives of people worldwide.

Source: Sipchem

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