01 March 2011 13:50 [Source: ICIS news]
LONDON (ICIS)--SABIC’s proposed elastomers and carbon black joint venture (JV) with ExxonMobil in ?xml:namespace>
The companies have selected
This followed a comprehensive evaluation of numerous factors, including integration opportunities with their existing petrochemical JV at the Al-Jubail Petrochemical (Kemya) site, the company said in a statement.
“The project has reached the optimal industrial layout with the move to Jubail,” SABIC said.
“During FEED (front-end engineering and design) both partners, SABIC and ExxonMobil, are targeting development of a globally competitive project with best-in-class industry cost.”
The 50:50 project, originally announced in November 2008, will produce rubber, thermoplastic specialty polymers and carbon black for emerging local and international markets in Asia and the
($1 = €0.72)For more on SABIC and ExxonMobil visit ICIS company intelligence
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