ExxonMobil Announces Agreement with Saudi International Petrochemical Company to License ExxonMobil's Tubular High Pressure Low Density Polyethylene Process (HPPE) Technology
ExxonMobil Chemical Technology Licensing, LLC has signed an agreement with Saudi International Petrochemical Company (Sipchem) to license ExxonMobil's tubular high pressure low density polyethylene process (HPPE) technology for Sipchem's new world-scale ethylene vinyl acetate (EVA) plant.
The 200,000 metric ton per year plant will be built at Sipchem's site in Jubail Industrial City, Kingdom of Saudi Arabia, as part of Sipchem's third phase projects. The plant will be operational by the end of 2013.
The highly efficient and flexible design of the Sipchem plant will be based on current state-of-the-art reactors operated by ExxonMobil Chemical to manufacture EVA and low density polyethylene (LDPE) products, allowing for Sipchem to produce a wide range of both EVAs and LDPE grades. In addition to Sipchem, ExxonMobil has eight licensees of its proprietary HPPE process technology around the world.
Sipchem is one of the largest petrochemical companies in Saudi Arabia. It was established in 1999 and listed in the Saudi stock Market in 2006. Currently Sipchem has five affiliated companies operating in Jubail to produce methanol, butanediol, carbon monoxide, acetic acid and vinyl acetate monomer.
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