Saudi Basic Industries Corp. (Sabic) and ExxonMobil Chemical Co. have selected Al-Jubail, Saudi Arabia, as the location of a new joint venture plant that will include plastic production.
In a March 1 news release, officials with Riyadh, Saudi Arabia-based Sabic and ExxonMobil of Houston said they selected the site because of integration opportunities with Kemya Al-Jubail Petrochemical Co., a Sabic/Exxon- Mobil joint venture already located in Al-Jubail.
The new plant will have almost 900 million pounds of annual capacity for thermoplastic elastomers including ethylene propylene diene monomer synthetic rubber and styrenic block copolymers as well as for rubber and carbon black.
The project also will include a vocational training institute and a support center for developing product applications.
No date was provided for the opening of the new plant.