Sabic steps up its technology push

28 March 2003
Saudi Basic Industries Corporation (Sabic)and Germany's Sued Chemieannounced on 24 March the joint acquisition of US technology provider Scientific Design Companyfrom Germany's Linde. Under the deal, a 50:50 joint venture of Sabic and Sued Chemie will manage Scientific Design, which will remain an independent entity and continue to license its technology processes, provide engineering services and sell catalysts to its clients worldwide. The acquisition is further evidence of Sabic's drive to acquire and develop technologies for use in the petrochemicals industry (MEED 9:11:01, Cover Story).

Scientific Design is a leading process licensor, offering technology for a range of products including ethylene oxide, ethylene glycol and maleic anhydride. Both Sabic and Sued Chemie said that the acquisition would enhance their core activities. 'Sued Chemie, which specialises in the development and production of high performance catalysts, will be adding extremely attractive market segments to its product portfolio,' a joint statement said. 'The joint venture will enable Sabic. to strengthen its technological position in one of its key areas of activity.'

Sabic has been placing increased emphasis on the acquisition and development of technology over the past three years, as it looks to become a truly global petrochemical company. Sabic Research & Technology (R&T)announced in 2001 the development of a new acetic acid technology, which is being installed on a semi-commercial plant in Yanbu. In joint venture with Linde, the R&T unit has also developed a new alpha olefins process, for which its first application will be the Jubail United Petrochemical Company (JUPC)complex (see page 13).

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