Sabic, ExxonMobil to Develop Rubber Industry in Saudi Arabia

Pryor: Crown jewels. Al Mady: New horizon. Sabic and ExxonMobil Chemical have announced further details of their elastomers joint venture 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 companies are investing a combined $3.4 billion in the project, which is scheduled to be onstream in the second half of 2015. It will produce a combined 400,000 m.t./year of products including 110,000 m.t./year of halobutyl rubber and a combined 290,000...

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