Sipchem signs $190M EVA project contract with Korean company

Sahara International Petrochemical Co. (Sipchem) signed today, Aug. 8, a $190 million (SAR 713 million) contract with South Korean engineering, procurement and construction (EPC) company SGC E&C Co. Ltd. to build the former’s petrochemical facility, Yonhap News Agency reported.

The scope of work entails setting up Sipchem's ethylene vinyl acetate (EVA) production facility in Jubail Industrial City, Saudi Arabia.