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International Vinyl Acetate Company (IVC)
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Management Team |
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IVC is a limited liability company registered in January, 2006, owned 76% by Sipchem, 11% Ikarus Petroleum Industries Company, 10% by Helm Arabia and 3% by Ministry of Endowments. IVC is intended to build, own and operate the Vinyl Acetate Monomer (VAM) plant. Helm Arabia is a special purpose company established in Hamburg, Germany between Helm AG of Germany, a leading multinational producer and distributor of petrochemical products and Thales International Offsites, a subsidiary of Thales Company of France, a leading international electronics and systems group, serving government and business customers worldwide.
The plant is designed to produce up to 330 thousand mtpa of VAM, that has started production in December 2009.
The feedstock, Acetic Acid, is provided internally by other Sipchem affiliates, viz. International Acetyl Company (IAC) thus ensuring an uninterrupted supply of feedstock.
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Products
IVC’s produces Vinyl Acetate Monomer (VAM), a clear and colorless liquid that readily evaporates into air and dissolves in water.
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Applications
VAM is a key intermediate to wide range of products of which polyvinyl acetate, used mainly for adhesives, represents the largest volume of consumption. Polyvinyl acetate resins are thermoplastic copolymers used for making emulsion (latex) products. Major applications include interior and exterior paints, adhesives, paper coatings, and textile treatments.
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Technology
DuPont, a multinational science and technology company, has agreed to supply technology. |
Marketing
Sipchem Marketing and Services Company (SMSC) and Helm AG will market the products to local, regional and international markets. |
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