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Business

Mitsubishi And SABIC Advance Saudi Pact

by Jean-François Tremblay
June 6, 2011 | A version of this story appeared in Volume 89, Issue 23

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Credit: Mitsubishi Rayon
This MMA plant in Singapore is the first to use the Lucite process.
Credit: Mitsubishi Rayon
This MMA plant in Singapore is the first to use the Lucite process.

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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