SABIC signed TDI/MDI agreement with Mitsui Chemicals in Polyurethane Technology Deal

The Saudi Basic Industries Corporation (SABIC) has signed a TDI and MDI technology license agreement with Mitsui Chemicals for collaboration in the polyurethane chain inked in Jubail, Saudi Arabia. The agreement was signed by Mohamed Al-Mady, SABIC vice chairman and CEO, and Toshikazu Tanaka, Mitsui Chemicals president and CEO.

Under the deal, SABIC will use Mitsui’s technology to produce polyurethane raw materials which are TDI and MDI, which are both raw materials for producing polyurethane. SABIC will also be able to participate in joint technology development for TDI and MDI.