Mar 01 2011 |
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SABIC and ExxonMobil Elastomers Project joint venture moves into FEED stage
Saudi Basic Industries Corporation ( SABIC ) and affiliates of ExxonMobil Chemical announced that work on their proposed elastomers project joint venture has moved fully into Front-End Engineering and Design (FEED).SABIC and ExxonMobil have selected Jubail Industrial City as the site for the new manufacturing units following a comprehensive evaluation of a number of variables, including integration opportunities with their existing petrochemical joint venture at KEMYA, to determine the best location for producing these specialty products.
As previously announced, plans would establish a domestic supply of more than 400 KTA of rubber, thermoplastic specialty polymers (EPDM/TPE, TPO, Butyl, SBR/PBR) and carbon black to serve emerging local and international markets in Asia and the Middle East. The project also includes a vocational training institute and product application development and support center, which is aligned with Saudi Arabia's National Industrial Clusters Development Program to grow and diversify the Kingdom's manufacturing sector.
The project has reached the optimal industrial layout with the move to Jubail. During FEED both partners,
SABIC
and
ExxonMobil
, are targeting development of a globally competitive project with best-in-class industry cost.
Samir A. Al-Abdrabbuh
Vice President, Corporate Communications
About SABIC
Saudi Basic Industries Corporation ( SABIC ) ranks among the world's top petrochemical companies. The company is among the world's market leaders in the production of polyethylene, polypropylene and other advanced thermoplastics, glycols, methanol and fertilizers.
SABIC 's businesses are grouped into Chemicals, Performance Chemicals, Innovative Plastics, Polymers, Fertilizers, and Metals. SABIC has significant research resources with six dedicated Technology & Innovation Centers in Saudi Arabia, Europe, the USA and India.. The company operates in more than 40 countries across the world with 33,000 employees worldwide.
Headquartered in Riyadh, SABIC was founded in 1976 when the Saudi Arabian Government decided to use the hydrocarbon gases associated with its oil production as the principal feedstock for production of chemicals, polymers and fertilizers. The Saudi Arabian Government owns 70 percent of SABIC shares with the remaining 30 percent held by private investors in Saudi Arabia and other Gulf Cooperation Council countries.
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