13 June 2013 16:36 [Source: ICIS news]
HOUSTON (ICIS)--INVISTA has won an exclusive long-term deal to purchase and market nylon 6,6 for export from Petrochemical Conversion Company’s (PCC) upcoming plant in Al-Jubail, Saudi Arabia, the US-based producer of chemical intermediates, polymers and fibres said on Thursday.
PPC’s plant - expected to start up in late 2013 or early 2014 - will produce up to 50,000 tonnes/year of nylon 6,6.
INVISTA will sell and market the product under its TORZEN engineering polymers brand outside Saudi Arabia, it said.
PCC, formed in 2011, is an equal joint venture between Saudi Industrial Investment Group and Arabian Chevron Phillips Petrochemical Company, which is a subsidiary of US petrochemicals major Chevron Phillips Chemical (CP Chem).
"This deal with PCC will help provide compounders the necessary polymer to keep their businesses growing and thriving," said Kurt Burmeister, executive vice president, INVISTA Engineering Polymers.
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