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Sabic and ExxonMobil Ink Deal for Elastomers Venture

3:15 PM MST | November 21, 2008 | Natasha Alperowicz

Sabic and ExxonMobil Chemical say they have signed a heads of agreement (HOA) for a previously announced elastomers project at the companies’ Al-Jubail Petrochemical Co. (Kemya; Al Jubail, Saudi Arabia) and Saudi Yanbu Petrochemical Co. (Yanpet; Yanbu, Saudi Arabia) joint ventures (CW, March, 10, p. 9). The agreement was signed by Mansour Al Kharboush, v.p./specialty products at Sabic and Robert G. Hutchinson, v.p./chemicals at ExxonMobil Saudi Arabia. The elastomers plants will utilize additional feedstock allocated by the Ministry of Petroleum &...

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