Saudi
International Petrochemical Company (Sipchem)
is a Saudi joint stock company owned jointly by private
sector investors from Saudi Arabia and GCC countries.
The company was established on 22/12/1999, with a
total capital of SR 500 milion (currently SR 1.5 billion).
Sipchem actively invests in petrochemical and chemical
industries, both basic and intermediate to produce
chemicals used to manufacture a multitude of products
that improve the lives of people worldwide.
Through its affiliates, International Methanol Company
(IMC) and Gulf Advanced Chemical Industries Company
(GACIC), Sipchem produces one million mtpa of methanol
and 75 thousand mtpa of butanediol.
For the attainment of sustainable growth according
to a special strategy that links the company's present
with its future, Sipchem continuously explores the
prospects of development and renovation to facilitate
the process of desired growth and expansion. In the
second half of 2006, Sipchem started construction
of Acetyl Complex which consists of Acetic Acid plant
(460 thousand mtpa), Vinyl Acetate Monomer plant (330
thousand mtpa) and Carbon Monoxide plant (345 thousand
mtpa). Commercial operation of these plants is scheduled
to start in the first quarter of 2009. The launch
of these additional facilities demonstrates the company's
aggressive expansion program, which aims to make it
one of the largest, fully-integrated, petrochemical
complexes in the Middle East, owned and operated by
the private sector.
In conducting its activities, Sipchem maintains
strict adherence to the highest product quality standard
without compromising its commitment to the environment
and the safety of its employees and the community.
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