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An eye on Sipchem
Sipchem is to invest nearly US$3.5 billion in expansion by 2013
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The company was established in 1999 with a paid capital of $133 million, which grown to $880 million.
Sipchem’s operations have grown in three phases, the first one started commercial production in 2004 which included the methanol and the butanediol plants.
The second phase of Sipchem, which includes the acetyl complex started in December 2009.
The third phase of the company is due to go on stream by 2013.
Sipchem uses the King Fahd industrial port in Al Jubail industrial city to export its different products.
Ahmad Al Ohali is CEO of Sipchem.