Sahara International Petrochemical Company (Sipchem), Saudi Arabia announced in a statement that it has awarded of engineering, procurement and construction contracts for the expansion of the Ethylene Vinyl Acetate plant of the International Polymers Company (an affiliate of Sipchem’s).
The Contract was awarded to SGC E&C Co., Ltd. and SGC ARABIA COMPANY LIMITED. The value of the contract is USD 187 million.
Contract Scope includes Engineering, procurement, and construction of the expansion of the ethylene vinyl acetate plant, where the additional production capacity is 70,000 tons (high-grade Ethylene Vinyl Acetate) and the total production capacity after the expansion will be approximately 290,000 tons a year.
The duration of the contract is 40 months.
This project reflects Sipchem’s efforts to produce high valued products. The high-grade ethylene vinyl acetate product contributes to multiple industries including the manufacture of solar power cell encapsulants, Hot Melt Adhesives and other uses. Any material development related to this project will be announced in accordance with the relevant regulations and instructions.
