Invista (Wichita, KS) has signed an exclusive, long-term agreement with Petrochemical Conversion Company Ltd. (PCC; Jubail, Saudi Arabia) to purchase and market polyamide 66 engineering resin manufactured at PCC’s new world-scale PA 66 plant in Al-Jubail. The new facility-expected to start up in late 2013 or early 2014-will produce up to 50,000 tonnes/year of polyamide 66. Other than PCC’s own sales in Saudi Arabia, the product will be sold and marketed under Invista’s Torzen engineering polymers brand.
“As the automotive, electrical and other industries continue to discover the benefits of nylon 66 engineering polymers, we expect demand will continue to grow,” said Kurt Burmeister, executive vice president, Invista Engineering Polymers. “Compounders and consumers all over the world-including China, India, Indonesia, Thailand and Turkey-rely on high quality nylon 66 polymers to produce innovative end products. This deal with PCC will help provide compounders the necessary polymer to keep their businesses growing and thriving.”
The PCC agreement is Invista’s second recent announcement that reiterates and extends its commitment to supplying PA 66 resin to markets in Asia, Europe and around the world. In May, Invista announced that it signed a land reservation agreement for a PA 66 resin site at the Shanghai Chemical Industry Park (SCIP), in Shanghai, China. The SCIP agreement is for additional land adjacent to Invista’s planned hexamethylene diamine (HMD) and adiponitrile (ADN) plants, and marks Invista’s next step as it continues to make progress on plans for an integrated PA 66 polymer facility in China.
PCC was formed in 2011 and is owned 50 percent by the Saudi Industrial Investment Group (SIIG) and 50 percent by Arabian Chevron Phillips Petrochemical Company Ltd., a wholly-owned subsidiary of Chevron Phillips Chemical.