25 June 2012 17:23 [Source: ICIS news]
LONDON (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 [?xml:namespace>
“This first-of-its-kind elastomers facility in the Kingdom [
Pryor said that an expanding transportation infrastructure in the
Financial details of the project were not disclosed.
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