The total production capacity of the ethylene vinyl acetate plant of the International Polymers Company, a subsidiary of Saudi Sipchem, after the expansion will reach about 290 thousand tons per year.
Saudi Arabia’s Sahara International Petrochemical Company (Sipchem) announced in a disclosure via Saudi Stock Exchange website Today, the Engineering, Procurement and Construction (EPC) contracts for the expansion of the Ethylene Vinyl Acetate (EVA) plant of the International Polymers Company (a subsidiary of Sipchem) were awarded to SGC Limited and SGC Arabia at a cost of $187 million (SAR 701 million).
The additional production capacity of the factory is 70 thousand tons, and the total production capacity after the expansion will reach about 290 thousand tons annually, and the contract period is 40 months.
The company expects the financial impact to appear on its results after the project is completed by the fourth quarter of 2027.
High grade EVA is used in a variety of industries including solar cell enclosures, hot melt adhesives and other applications.
On December 24, Sahara International Petrochemical Company (Sipchem) announced that Engineering, Procurement and Expansion Contract Awarded Worth $500 million for SGC-eTEC.
The contract aims to increase the production of the ethylene cracker plant at the Saudi Ethylene and Polyethylene Company, a joint venture between Tasnee and Sahara Olefins Company, which is 32.55% owned by Sahara Petrochemical Company.
SABIC expects the project to be completed and production to begin in the first half of 2026, with an estimated 18% increase in olefins production at the ethylene cracker plant.
