4 April 2018
ABOUT MITSUBISHI CHEMICAL CORPORATION
DETAILS
Mitsubishi Chemical Corporation
(Headquarters: Tokyo, Japan,
President and CEO: Masayuki Waga, "MCC" hereafter)
is pleased to announce that
The Saudi Methacrylates Company
("SAMAC" hereafter),
a joint venture between
MCC and Saudi Basic Industries Corporation
(Headquarters: Riyadh, Kingdom of Saudi Arabia,
CEO: Yousef Al-Benyan, "SABIC" hereafter),
has successfully completed performance test of its plants
for production of methyl methacrylate (MMA) monomer
and polymethyl methacrylate (PMMA) in Saudi Arabia
and commenced commercial operation of both plants
on April 2nd, 2018.
SAMAC commenced test production and achieved
in-specification production of both MMA monomer and PMMA
last November, after which first shipment of MMA
to customers was made.
It has been in the process of optimizing operations since then.
SAMAC’s manufacturing facilities in Jubail, Saudi Arabia include
* the world's largest MMA monomer plant
(250,000 tons/year)
which uses MCC Group's proprietary
New Ethylene Method ("Alpha Technology")
for producing MMA monomer.
* The PMMA plant uses
MCC Group’s proprietary PMMA technology
and MMA monomer as the key raw material.
Overview of SAMAC
Company Name : The Saudi Methacrylates Company
Location : Al-Jubail, Kingdom of Saudi Arabia
Establishment : June 9, 2014
Capital : 1,350 million Saudi Riyal
(approximately US$360 million)
Capital structure : MCC 50%*, SABIC 50%
Nature of Business: Manufacture of
MMA monomer (250,000 tons/year), and
PMMA (40,000 tons/year)
* MCC takes a stake through
The Japan-Saudi Methacrylate Company, LLC,
a wholly-owned MCC company
established for the special purpose of this project.
For further information, please contact:
Public Relations and Investor Relations Office
Mitsubishi Chemical Holdings Corporation
TEL: [+81] (0)3-6748-7140
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