Saudi Arabia's National Methanol Company, or NMC, has awarded the engineering, procurement and construction contract for its 50,000 mt/year polyoxymethylene project at Ibn Sina in Jubail to an international company, it was announced Wednesday.
NMC's parent Saudi Basic Industries Corp. said in a statement that POM (an engineering plastic) produced at the plant will be primarily used in auto, electronics and food processing industries.
NMC neither gave a time frame for the completion of the project nor the estimated cost. It also did not reveal the name of the company to which it has awarded the contract.
The POM project is a joint venture between SABIC and three US based companies -- CTE, Celanese Corporation and Duke Energy. NMC also runs a 700,000 mt/year MTBE and a methanol plant at the same site.
