Sabic and ExxonMobil to move joint venture to Jubail

18 November 2010

Saudi Basic Industries Corp (Sabic) plans to move all of its planned $5bn Elastomer joint-venture from Yanbu to the Al-Jubail Petrochemical Co (Kemya) in Jubail, Meed has reported. A 50:50 joint venture between Sabic and ExxonMobil Chemical, the planned complex will produce around 400,000 tonnes-a-year (t/y) of carbon black, rubber and thermoplastic speciality polymers. The plant will use ExxonMobil technology and the products will be sold on local and international markets.

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