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Saudi International Petrochemical Company (Sipchem)has made further progress on the phase 2 development of its Jubail petrochemical complex, with the signing of an interim agreement to license acetyl co-production technology from the US’ Eastman Chemical Company. Sipchem’s acetyl complex, expected to come on stream in 2008, will focus on the production of acetic acid and vinyl acetate monomer (VAM). The two companies expect to finalise the agreement soon.