SAUDI ARABIA

Saudi Methacrylates, a 50:50 joint venture of Saudi state-owned petchems giant SABIC and Japan’s Mitsubishi Rayon (MRC), has awarded an engineering, procurement and construction (EPC) contract to Taiwan’s CTCI for a methyl methacrylate (MMA) monomer plant and linked polymethyl methacrylate (PMMA) plant at Jubail. SABIC estimates the total cost of the plants at SR3.15bn ($840mn).

SABIC originally envisaged a 2013 start-up, but says “the process of preparing...