SABIC acquires licence to manufacture TDI and MDI

The Saudi Basic Industries Corporation (SABIC) has signed a TDI and MDI technology license agreement with Mitsui Chemicals, Inc., in keeping with the company’s strategic plan to be a global leader in polyurethane and serve its customers with value-added services, solutions and products. Under the agreement, Mitsui will provide manufacturing technology for producing TDI and MDI, which are both raw materials for producing polyurethane. The agreement also provides for joint technology development in TDI/MDI. The agreement was signed by Mohamed Al-Mady, SABIC Vice Chairman and CEO, and Toshikazu Tanaka, Mitsui Chemicals President and CEO, at SABIC’s headquarters in Riyadh on February 26, according to Samir Al-Abdrabbuh Vice President, Corporate Communications.