ExxonMobil licenses LDPE technology to Saudi EVA plant

28 May 2009 18:18  [Source: ICIS news]

TORONTO (ICIS news)--ExxonMobil Chemical has agreed to license its tubular high pressure low density polyethylene (LDPE) process technology to Saudi International Petrochemical Company (Sipchem) for that firm’s planned world-scale ethylene vinyl acetate (EVA) plant, the US-based major said on Thursday.

The plant, to be built at Sipchem’s site in Jubail Industrial City in Saudi Arabia, would have a capacity of 200,000 tonnes/year, with start-up expected by the end of 2013, ExxonMobil said in a statement.

"Based on our own success with this technology, we believe that Sipchem will become a world-class supplier of EVA products to the Middle East and global markets," Gary Schmidt, vice president of ExxonMobil Chemical Technology Licensing, said.

Financial terms were not disclosed.

In addition to Sipchem, ExxonMobil had eight licensees of its proprietary process technology around the world, it said.

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By: Stefan Baumgarten
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