The Saudi Basic Industries Corporation (SABIC) signed a TDI
and MDI technology license agreement with Mitsui Chemicals
under which Mitsui will provide manufacturing technology for producing TDI and
Toluene di-isocyanate (TDI) and methylene di-phenyl
isocynate (MDI) are each raw materials for producing
The agreement also provides
for joint technology development in TDI/MDI,
The agreement was signed by Mohamed Al-Mady, SABIC chief
executive, and Toshikazu Tanaka, Mitsui Chemicals CEO, at
SABICs headquarters in Riyadh on February 26.
Al-Mady said that it would spearhead a strategic
collaboration between the two companies to explore future
possibilities to collaborate in the polyurethane (PU)
The agreement will spur our strategic business plan to
penetrate the global polyurethane market as well as power the
ambition and competitive advantage of our customers for the
long term, he said.
It will also enable a fast development of PU
application industries in Saudi Arabia, especially with regards
to thermal insulation which will contribute to employment
creation as well as energy savings, he added.
Al-Mady pointed out that Mitsui Chemicals has a long
experience as a manufacturer of TDI and MDI and has over the
years developed pioneering manufacturing processes.
Through this technology license agreement, we
will strengthen our product capabilities with high quality TDI
and MDI and expand into the polyurethane business, he
Tanaka added: For Mitsui Chemicals, this license
agreement will be the largest and most extensive one we have
ever made. We will support this project full force on every front
and are committed to its success.
I hope that it will be just the first step in a future
business partnership with SABIC , which may include
establishment of a strategic supply base for competitive