Project Profile
Value: US$30 million
Location: Hail Industrial City, Nejd, northwestern Saudi Arabia
Capacity: 4,000 metric tons per annum
Area: 40,000 m2
Start-up Year: 3Q 2013
Saudi International Petrochemical Company (Sipchem) moves forward with the Ethyl Vinyl Acetate (EVA) project in Hail Industrial City, Nejd, in northwestern Saudi Arabia. The project is built with a total investment of about US$30 million (SR 120 million) on an area of 40,000 m2 with annual capacity of 4,000 metric tons per annum. The project is 100% owned by Sipchem Chemicals Company (SCC), an affiliate of Sipchem and its product will be marketed by Sipchems affiliate, Sipchem Marketing and Services Company (SMSC). The project will be financed by the company and other local financers. The project is expected to be operational by the 3rd quarter of 2013.
Operators:
Saudi International Petrochemical Company (Sipchem): Operator with 100% interest