Aug 13 2004
DuPont recently signed definitive agreements with the Saudi International Petrochemical Company (Sipchem) to license DuPont technology for a new vinyl acetate monomer (VAM) manufacturing plant to be located in the Jubail Industrial City, Kingdom of Saudi Arabia. DuPont will provide its VAM technology under license and provide technical assistance for the Sipchem VAM facility.
The planned VAM facility will be integrated into other petrochemical facilities currently planned for the site. Sipchem, a Saudi joint stock company, plans to produce and market VAM, maleic anhydride, butanediol, methanol and acetic acid from the new world-class manufacturing site facilities.
” DuPont is pleased to have its VAM technology and expertise chosen for a project of this scale," said Craig Binetti, vice president and general manager – DuPont Packaging and Industrial Polymers. "Licensing our technology to Sipchem demonstrates our commitment to technology investment into global cost-advantaged regions. It also allows DuPont strategic, sustainable development in key regions of the global economy. Our relationship with Sipchem is a model for future growth."
"The acetyl complex will provide further growth opportunities for Sipchem representing our vision for developing investments in the petrochemical industry to produce value-added products benefiting from the support of the Saudi Government and the available resources of the region," said Sipchem Chairman Abdulazia A. Al-Zamil.
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