МОSCOW (MRC) -- Mitsubishi Rayon Co. (MRC) and Mitsui & Co. have signed a memorandum of understanding to undertake detailed feasibility studies for establishing a joint venture in the U.S. to build a methyl methacrylate (MMA) monomer unit, said Apic-online.
The plant, for which a specific location has not yet been decided, is expected to have 250,000 t/y of MMA capacity based on the Alpha technology developed by MRC's Lucite International subsidiary.
MRC and Mitsui said they have also entered into a non-binding material terms of agreement with Dow Chemical. This agreement concerns "potential partial supply of feedstock from Dow to the joint venture through Mitsui" for the production of MMA and potential supply of a portion of the MMA from the joint venture to Dow.
The joint venture intends to secure access to ethylene from Dow's U.S. Gulf Coast production network. MMA production is expected to start at the end of 2018.
As MRC wrote before, Mitsubishi Rayon Co., Ltd. and Saudi Basic Industries Corporation (SABIC) have announced the formation of a joint venture company, to build and operate two plants – one for Methyl Methacrylate (MMA), and the other for Polymethylmethacrylate (PMMA) – at one of SABIC’s manufacturing affiliates in Jubail, Saudi Arabia.