SABIC, ExxonMobil to build specialty elastomers plant in Al-Jubail

25 June 2012 17:23  [Source: ICIS news]

TyresLONDON (ICIS)--ExxonMobil and petrochemical major SABIC will build a specialty elastomers facility in Al-Jubail, Saudi Arabia, the US-based producer said on Monday.

The facility will be integrated into the two companies' joint venture, Al-Jubail Petrochemical Company (Kemya), and is expected to be complete in 2015, ExxonMobil said.

The facility will produce up to 400,000 tonnes/year of rubber, including halobutyl, styrene butadiene, polybutadiene, ethylene propylene diene monomer (EPDM) rubbers, thermoplastic specialty polymers, and carbon black, to serve local markets in the Middle East and Asia.

Kemya is a 50:50 joint venture between SABIC and Exxon Chemical Arabia, an affiliate of ExxonMobil Chemical Company.

SABIC CEO Mohamed Al-Mady said: “The Kemya elastomers facility demonstrates our commitment to build and champion a first-rate rubber industry in Saudi Arabia that supports job creation, develops downstream industries and helps diversify the national economy”.

“The strategic partnership between SABIC and ExxonMobil provides the strength of industry-leading competitive assets, introduces new specialty products to the Kingdom [Saudi Arabia] and offers global marketing and supply capability of exceptional quality,” he added.

“This first-of-its-kind elastomers facility in the Kingdom [Saudi Arabia] creates a platform that will support the development of a rubber industry, which is designed to produce a broad range of consumer products,” said Steve Pryor, president of ExxonMobil Chemical Company.

Pryor said that an expanding transportation infrastructure in the Middle East and Asia Pacific has created strong demand for rubber products, adding that the new Kemya elastomers project will help meet growing demand.

Financial details of the project were not disclosed.

By: Leigh Stringer
+44 208 652 3214

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index