SABIC to build new carbon fibre plant in Saudi Arabia

15 June 2011 08:15  [Source: ICIS news]

Carbon fibre is used extensively in race carsSINGAPORE (ICIS)--SABIC plans to build a new carbon fibre plant in Saudi Arabia after signing a global technology licensing agreement with Italian fibres maker Montefibre, the chemicals producer said on Wednesday.

“SABIC will first use the technology for a new carbon fibre plant to be built in Saudi Arabia,” the company said in a statement.

Further details of the new carbon fibre unit are not immediately available, a company official told ICIS.

SABIC and Montefibre also signed a memorandum of understanding (MoU) to study the feasibility of a new carbon fibre production plant in Burgos, Spain, to be integrated into Montefibre’s existing acrylic fibre production site, the statement said.

Once complete, the carbon fibre project in Spain is expected to establish a supply of more than 3,000 tonnes of industrial grade carbon fibre to serve emerging markets in the Middle East as well as international markets, it said.

SABIC’s plans to develop carbon fibre in Saudi Arabia will also include the creation of a new carbon fibre product development centre as well as composite plastics application development capabilities at the SABIC Plastics Application Development Centre.

The centre is currently under construction at the Riyadh Techno Valley research complex at King Saud University, the statement added.

Financial details of the deals were not disclosed.

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By: Nurluqman Suratman

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