SABIC teams with Celanese for the construction of polyacetal facility

SABIC has concluded an agreement with the Celanese Corporation for the construction of a 50,000-tonne polyacetal (POM) production facility at the SABIC affiliate, National Methanol Co. (IBN SINA) complex in Jubail Industrial City, Saudi Arabia. The engineering and construction of the facility is expected to begin by 2011. The facility is envisaged to go on-stream by 2013, using methanol already being produced by IBN SINA. This represents a key feedstock for the production of POM, an engineered performance chemical product specifically used in automotive industries as well as in mechanical and construction fields. IBN SINA, which was founded in 1981, is a leading producer of methanol and MTBE. SABIC owns 50% of IBN SINA's capital while Celanese and an affiliate of Duke Energy Corporation each holds a 25% interest in the venture. Total investment into the project is expected to reach around $400 million. www.sabic.comAir Jordan XI 11 Wool