Mitsubishi Chemical Corporation



Mitsubishi Chemical Corporation (Headquarters: Tokyo, Japan, President and CEO: Hitoshi Ochi, ‘MCC’ hereafter) and Saudi Basic Industries Corporation (Headquarters: Riyadh, Kingdom of Saudi Arabia, CEO: Yousef Al-Benyan, ‘SABIC’ hereafter) have been jointly working on the project of methyl methacrylate (‘MMA’) monomer and polymethyl methacrylate (‘PMMA’) in Saudi Arabia. With regard to MMA and PMMA plants of The Saudi Methacrylates Company a Joint Venture company between MCC and SABIC, MCC hereby announces that those plants have been mechanically completed as scheduled. Following the successful Mechanical Completion, Commissioning phase will be commenced and commercial operations are planned to start in the middle of 2017.   


 

Overview of The Saudi Methacrylates Company

Company Name: The Saudi Methacrylates Company

Location: Al-Jubail, Kingdom of Saudi Arabia

Establishment: June 9, 2014

Capital: 1,350 million Saudi riyal (US$ 360 million)

Capital structure: MCC 50%*, SABIC 50%

Nature of Business: Manufacture of MMA monomer (250,000 tons/year), and PMMA (40,000 tons/year)

* MCC takes a stake through The Japan-Saudi Methacrylate Company, LLC, a wholly- owned MCC company established for the special purpose of this project

Contact
Public Relations and Investor Relations Office,
Mitsubishi Chemical Holdings Corporation
  • TEL:+81-3-6748-7140

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