Celanese's Ibn Sina Polyacetal JV facility in Saudi Arabia begins testing
US-based technology and specialty materials company Celanese’s Ibn Sina joint venture (JV) facility in the Jubail Industrial City, Saudi Arabia, has entered the testing phase.
The 50,000mt polyacetal manufacturing facility is expected to start commercial production in the third quarter of this year.
Ibn Sina is a JV between SABIC and CTE, which is a jointly owned company of the subsidiaries of Celanese and Duke Energy. The JV was executed by Celanese, SABIC and Duke Energy in 1981.
Construction of the polyacetal facility is part of an extension of the JV, which will run through the year 2032. Currently, Celanese and Duke Energy subsidiaries each hold a 25% interest in the JV, while the remaining 50% stake in with SABIC.
After the successful startup of the polyacetal facility, Celanese’s economic interest in the JV will increase from the existing 25% to 32.5%.
The polyacetal facility will utilise methanol as feedstock will also be produced internally at Ibn Sina.
A differentiated and high value-added product, polyacetal is primarily used in automobile and electronics industries.
The product is also used by mechanical and construction manufacturers and various industrial applications.
With employee strength of 7,300 people, Celanese focuses on producing differentiated chemistry solutions and specialty materials, which are used multiple industries and consumer applications.
It has two complementary business cores Acetyl Chain and Materials Solutions to serve the global chemistry industry.
Last year, the company reported net sales of approximately $5.4bn.
Image: European HQ of SABIC, the 50% partner of Ibn Sina joint venture. Photo: courtesy of ZanderZ via Wikipedia.