PHOTO
Image used for illustrative purpose. General view of the Borouge petrochemical facility at ADNOC's Ruwais Industrial Complex in Ruwais, United Arab Emirates May 14, 2018. Christopher Pike, Reuters
Sahara International Petrochemical Company (Sipchem) has awarded engineering, procurement and construction (EPC) contracts worth $187 million to expand its affiliate, International Polymers Company’s ethylene vinyl acetate plant.
The plant’s production capacity will rise by 70,000 tonnes to nearly 290,000 tonnes a year, the company said in a statement to the Saudi stock exchange.
The 40-month EPC contracts were awarded to SGC E&C Co. and SGC Arabia Company.
The project is expected to be completed by the fourth quarter of 2027.
The high-grade ethylene vinyl acetate product is used in multiple industries, including the manufacture of solar power cell encapsulants and hot melt adhesives.
(Editing by Anoop Menon) (anoop.menon@lseg.com)
Subscribe to our Projects' PULSE newsletter that brings you trustworthy news, updates and insights on project activities, developments, and partnerships across sectors in the Middle East and Africa.