SABIC&Mitsubishi Rayon sign LoI for joint venture in Saudi Arabia 2 Riyadh

SABIC will be responsible for the supply of key raw materials such
as ethylene and methanol for the joint venture.

SABIC and MRC will also explore the possibilities to produce other
products identified under the LoI.

MMA and acrylic resin are widely used to produce automobile parts,
car exteriors, optical screens, and home appliances, among others.
PMMA is widely used in the construction and transport sectors, as
well as for liquid crystal display (LCD), light-guided panels (LGP)
for LCD screens, and for light emitted diode (LED) technology for
flat screens, among other uses, according to a report carried
yesterday by SABIC web-site.

--SPA