FINANCIAL NEWS

Sipchem, Rhodia to set up plant in Saudi Arabia

05 Aug 2010

(MENAFN) Saudi International Petrochemical Co. (Sipchem) announced that it has signed agreements with France�s Rhodia Co. to build a new ethyl acetate plant, Saudi Gazette reported.

As part of its Phase 3 Expansion Program, Sipchem will construct and operate a 100,000-metric ton per annum, ethyl acetate plant in Jubail Industrial City. The agreements include a technology license agreement, marketing agreement and term sheet for ethanol procurement with Rhodia.

Access to Rhodia�s state-of-the-art ethyl acetate technology and know-how will ensure the quality and cost of production of the plant and will meet and exceed world-class standards.

The plant design allows it to serve as a swing facility to produce butyl acetate. The ethyl acetate plant is expected to be commissioned in 2013.

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