Sabic: License to Manufacture TDI and MDI
The Saudi Basic Industries Corporation (Sabic), Riyadh/Saudi Arabia, has signed a TDI and MDI technology license agreement with Mitsui Chemicals, Inc., Tokyo/Japan. Under the agreement, Mitsui will provide manufacturing technology for producing TDI and MDI, which are both raw materials for producing polyurethane. The agreement also provides for joint technology development in TDI/MDI.
According to a press release, the agreement will spur Sabic’s strategic business plan to penetrate the global polyurethane market as well as power the ambition and competitive advantage of their customers for the long term. The two companies want to explore future possibilities to collaborate in the polyurethane business.
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