Issue Date: June 6, 2011
Mitsubishi And SABIC Advance Saudi Pact
Mitsubishi Rayon and Saudi Basic Industries Corp. have formed a joint venture to build a 250,000-metric-ton-per-year methyl methacrylate (MMA) plant and a 40,000-metric-ton polymethyl methacrylate unit in Saudi Arabia. The two companies first announced plans for the $1 billion project in August 2009, shortly before Mitsubishi Rayon was acquired by Mitsubishi Chemical. The MMA plant, which the partners say will be the world’s largest, will implement a new process developed by Mitsubishi Rayon’s Lucite unit.
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