Ibn Sina complex set to be expanded
01 February 2018
Saudi Basic Industries Corporation (Sabic) said it has joined hands with US-based Celanese Corporation, a global technology and specialty materials company, to start work on its 50,000-tonne polyacetal plant in Jubail Industrial City.
A leading petrochemicals conglomerate, Sabic said the move comes as part of the duo’s plan to expand the existing operations of the Ibn Sina Complex.
Ibn Sina is a joint venture between Sabic and CTE, a company jointly owned by subsidiaries of Celanese and US-based Duke Energy, and launched in 1981. The subsidiaries each currently hold a 25 per cent ownership interest in the joint venture, with the remaining 50 per cent held by Sabic.
Polyacetal is a differentiated, high value-added product mainly used by mechanical and construction product manufacturers, in the automobile and electronics industries as well as by other industrial applications, it stated.
The polyacetal facility will utilise methanol as feedstock which is produced internally at Ibn Sina.
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