Adhesives & Sealants Headlines

ACETEX ANNOUNCES $1 BILLION EXPANSION PROJECT

May 17, 2004
/ Print / Reprints /
ShareMore
/ Text Size+
Acetex Corp. has announced the finalization of definitive joint venture agreements with National Petrochemical Industrialization Co. regarding the construction of world class acetic acid, vinyl acetate monomer (VAM) and methanol projects to be established in Jubail, Saudi Arabia. Once completed, the project will extend Acetex's global acetyls position as well as establish Acetex as the lowest cost supplier of acetyls into the Far East market. The projects will benefit from the favorable natural gas supply as well as from Acetex's proprietary integration technology for the co-production of acetic acid and methanol. It is anticipated that this technology will reduce investment by more than U.S. $100 million, as well as reduce operating costs. The projects will be located at the petrochemical complex site of TASNEE Petrochemicals (an affiliate of National Industrialization Co.) in Jubail Industrial City, Saudi Arabia, with an annual production capacity of approximately 500,000 tons of acetic acid, 275,000 tons of VAM and 1.8 million tons of methanol. Acetex, in cooperation with TASNEE Petrochemicals, will be responsible for the marketing of the acetyls products and will integrate this new business with the existing acetyls business into one global marketing organization.

For more information, contact Lynn Haycock at (604) 688-9600 or e-mail haycock@acetex.com .

Did you enjoy this article? Click here to subscribe to Adhesives & Sealants Industry Magazine.

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

ASI April 2014 Photo Gallery

Our April 2014 issue is now available!

Podcasts

ExxonMobil Tackifier Expansion

Dwight Tozer, vice president of ExxonMobil’s Adhesion Industry business, discusses the company’s latest tackifier expansion project with Editor-in-Chief Susan Sutton.

More Podcasts

Adhesives & Sealants Industry Magazine

ASI Sept 2014 cover

2014 September

Our September issue features articles focusing on high-tech applications and raw materials, as well as a preview of the ASC Fall Convention and Expo. Check it out today!

Table Of Contents Subscribe

THE ADHESIVES STORE

handbook-sealant-tech.gif
Handbook of Sealant Technology

The Handbook of Sealant Technology provides an in-depth examination of sealants, reviewing their historical developments and fundamentals, adhesion theories and properties, and today’s wide range of applications.

More Products

ASI 2014 Buyers GuideASI's Buyers' Guide

Annual purchasing resource for equipment used in the manufacture/formulation of adhesives, sealants, pressure sensitives, tapes and labels and for application of finished adhesives. 

Clear Seas Research

With access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

STAY CONNECTED

facebook_40px twitter_40  youtube_40pxlinkedin_40 google+ icon ASI 30px