Sipchem completes vinyl acetate monomer plant maintenance
The material is a key intermediate in the production of polymers and resins for adhesives, coatings, paints, films, and textiles
Sahara International Petrochemical Company (Sipchem) has announced the completion of periodic maintenance works at its vinyl acetate monomer plant, part of Sipchem affiliate International Vinyl Acetate Company (IVC).
Start-up activities for the plant commenced on 17 July, 2019, the group announced in a missive on Saudi bourse Tadawul.
It added: “During the scheduled turnaround, the required maintenance works were safely completed, which will enhance the reliability of production and allow the IVC plant to achieve its future operational plans.”
Vinyl acetate monomer is a key intermediate used in the marking of a number of polymers and resins for adhesives, coatings, paints, films, textiles, and other end-products.
The news comes two months after Sipchem completed its $1.9bn (SAR7.3bn) merger with Sahara Petrochemicals Company – a move that prompted a name change from Saudi International Petrochemical Company to Sahara International Petrochemical Company.
Commenting on the move in a statement at the time, Sipchem said: “This transaction is in line with the strategic goal of Vision 2030 to build national entity with strong local and international reach in a sector has been identified as a priority for the future economy of Saudi Arabia.”