Sumitomo Chemical's joint venture in Saudi Arabia—Rabigh Refining and Petrochemical Company (Petro Rabigh)—has received the green light from its owners to construct new production assets in the Gulf, including plants for thermoplastic polyolefin (TPO), polymethyl methacrylate (PMMA), and low-density polyethylene/ethylene vinyl acetate (LDPE/EVA).
The plants that have received the go-ahead should be on-stream beginning the first half of 2016. Sumitomo Chemical (Tokyo) and its local partner The Saudi Arabian Oil Company (Saudi Aramco) are also mulling the production of nylon 6 resin at the site. The partners are investing a total of $7 billion in the new production assets, which also include superabsorbent polymer (SAP) and petrochemicals such as polyols,
The Petro Rabigh joint venture is already a major player in plastics supply in Asia and elsewhere, with polypropylene, linear low-density polyethylene and high-density polyethylene plants operating commercially since September 2009. —[email protected]bm.com