07 December 2010 13:16 [Source: ICIS news]
LONDON (ICIS)--ExxonMobil and SABIC continue to evaluate their proposed elastomers and carbon black joint-venture project in Saudi Arabia, a spokesman for US-based ExxonMobil said on Tuesday.
“SABIC and ExxonMobil are working together to optimise the proposed expansion project,” said George Pietrogallo in a statement to ICIS.
“Part of that work includes evaluating the best location for several of the derivatives units.”
Some of the derivatives units could be moved from Yanbu to Al-Jubail, Pietrogallo added, without providing further details.
In November 2008, SABIC announced that the 50:50 joint venture would produce more than 400,000 tonnes/year of carbon black, rubber and thermoplastic specialty polymers to serve emerging local and international markets.
Media reports had estimated the total investment value at $5bn (€3.8bn).
($1 = €0.75)
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