SABIC’s PMMA plant to be commissioned in Q2

SAMAC Poly Methyl Methacrylate Plant, which is a joint venture between Saudi Basic Industries Corp. (SABIC) and Mitsubishi Rayon Co. Ltd, is expected to be commissioned in the second quarter of 2017, SABIC said in a statement to Tadawul on Monday.

Commercial operations will begin six months following the commissioning, it said.

This follows the successful completion of the mechanical works at the plant on April 9, SABIC said.

The company expects an impact to show on its financial results after the beginning of the commercial operations.

In 2014 SABIC’s Saudi Methacrylates Company (SAMAC) entered into strategic partnership with Mitsubishi Rayon worth SAR 1.35 billion to build and operate two manufacturing plants in Jubail Industrial City.

The first plant is to produce methyl methacrylate monomer (MMA) with a 250,000-metric-ton annual capacity, and the other is to produce poly methyl methacrylate (PMMA) with an annual capacity of 40,000 metric tons.