International Polymers Company, an affiliate of Saudi International Petrochemical Company (Sipchem), will start commercial production at the ethylene vinyl acetate (EVA) and low-density polyethylene (LDPE) plant on Wednesday, Sipchem said in statement to Tadawul.
 
The SAR 3 billion project, located in Jubail Industrial City, has a production capacity of 200,000 tons per year of EVA and LDPE, using ethylene feedstock supplied by SABIC affiliate, Jubail Petrochemical Company (Kemya) and vinyl acetate monomer supplied by Sipchem’s affiliate International Vinyl Acetate Company.
 
Financial impact of commercial production is expected to appear in second quarter results.
 
The EVA—which is the first of its kind in the Middle East— will be used as feedstock to produce hot-melt adhesives, glue sticks, and high-quality sports bandages. The LDPE is used as a feedstock for the production of many types of containers, medical nutrition bottles, and glass detergents.
 
“The start-up of this project is part of Sipchem’s ambitious growth strategy,” said Ahmad A. Al-Ohali, chairman of International Polymers Company.
 
Sipchem owns 75 percent of International Polymers Company’s capital, while the remaining 25 percent is owned by the Korean Hanwha Chemical Company.

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