SABIC and ExxonMobil Proceed with Specialty Elastomers Project
OREANDA-NEWS. July 05, 2012. Saudi Basic Industries Corporation (SABIC) and affiliates of ExxonMobil announced they will construct a world-scale specialty elastomers facility at the Al-Jubail Petrochemical Company (KEMYA) manufacturing joint venture. The facility will be integrated with the existing Al-Jubail complex and completion is anticipated in 2015. Both companies have approved the next stage of project development, the engineering, procurement and construction (EPC) phase.
With a total investment of USD 3.4 billion, which will be financed from shareholder and or third party debt, the facility will have the capacity to produce up to 400,000 tonnes per year of rubber including halobutyl, styrene butadiene, polybutadiene, and ethylene propylene diene monomer (EPDM) rubbers, thermoplastic specialty polymers, and carbon black to serve local markets, the Middle East and Asia. KEMYA has awarded the engineering, procurement, and construction contracts for the elastomers facility to: Daelim Industries, Technip, and Tecnicas Reunidas.
Al-Jubail Petrochemical Company (KEMYA) is a 50-50 joint venture between Saudi Basic Industries Corporation (SABIC) and Exxon Chemical Arabia Inc., an affiliate of ExxonMobil Chemical Company. The two companies have collaborated closely since the joint venture was established in 1980, producing polyethylene, ethylene and propylene. The new synthetic rubber project represents a significant broadening of KEMYA’s product portfolio.
Associated with the new KEMYA elastomers facility is the establishment of the High Institute for Elastomer Industries (HIEI), a vocational training center in Yanbu, a
Mohamed Al-Mady, SABIC Vice Chairman and CEO said, “The KEMYA elastomers facility demonstrates our commitment to build and champion a first-rate rubber industry in
“ExxonMobil is proud to be a leading foreign investor in, and customer of, the
An expanding transportation infrastructure in the
“The expansion will employ the latest proprietary processes and product technologies to meet the growing global demand for specialty elastomers,” said Neil Chapman, senior vice president, polymers, for ExxonMobil Chemical Company.
“The project will help maintain an important focus on accelerating the growth and diversification of the Kingdom’s manufacturing sector,” said Koos van Haasteren, Executive Vice President, Performance Chemicals, SABIC. “The HIEI, product support center, and the KEMYA elastomers facility together build a strong foundation for investments in targeted industries such as tire manufacturing, building and construction, automotive and appliances.”
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