Sabic and Sinopec to Collaborate on Polycarbonate Production
Saudi Basic Industries Corporation (Sabic) and China Petroleum & Chemical Corporation (Sinopec Corp.) announced a memorandum of understanding to collaborate on polycarbonate production in China. This new agreement will add to Sabic’s joint-venture with Sinopec, Tianjin-based SSTPC (Sinopec Sabic Tianjin Petrochemical Company). A joint investment between both companies will fund a new polycarbonate production plant with an annual capacity for 260 kilometric tonnes. It will be located in SSTPC and is expected to be operational by 2015. It will leverage Sabic’s world-class advanced polycarbonate technology using phosgene and Dichloromethane free process. The performance properties of purity, transparency and continuous processing will bring local PC resin capabilities to a diverse customer base in China.
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