A multi-billion dollar project to make elastomers in Saudi Arabia is being considered by Saudi Basic Industries Corporation (SABIC) and ExxonMobil Chemical. The two companies have signed a heads of agreement and are progressing detailed studies for the venture, to be based on their petrochemical joint ventures Saudi Yanbu Petrochemical Company (Yanpet) in Yanbu and Al-Jubail Petrochemical Company (Kemya) in Jubail.
The project would generate more than 400,000 tonnes of carbon black, EPDM, TPO, butyl, and SBR/PBR for sale in both local and international markets. It would include a vocational training institute and product application development and support centre and is aligned with Saudi Arabia's National Industrial Cluster Development Program which is responsible for accelerating growth and diversification of the manufacturing sector, including the automotive manufacturing industry.
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