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Sabic, ExxonMobil's $3.4-Billion JV Will Help Create Major Rubber Industry in Saudi Arabia

10:34 AM MDT | July 30, 2012 | Natasha Alperowicz

Sabic and ExxonMobil Chemical announced further details today of their previously announced elastomers joint venture (jv) at Al Jubail, Saudi Arabia, and explained how the planned, state-of-the-art synthetic rubber manufacturing complex would help the country to diversify its industry. The Riyadh press briefing and conference call were chaired by Mohamed Al Mady, CEO of Sabic and Steve Pryor, president of ExxonMobil Chemical. The companies are investing a combined $3.4 billion in the project, which is scheduled to be onstream in the second half of 2015. It...

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