SABIC’s KEMYA starts trial operation of carbon black unit

14/12/2015 Argaam

Saudi Basic Industries Corp. (SABIC) started on Sunday trial operation of the carbon black and utilities units in its joint venture, KEMYA, the company said in a statement to the Saudi bourse.

 

Financial impact will be reflected after the unit’s commercial launch, which is expected to take place in the second quarter of 2016.

 

KEMYA is equally owned by SABIC and Exxon Mobil Arabian Chemical Co, an affiliate of Exxon Mobil Chemical Co.

 

The $3.4 billion joint venture has an annual capacity of 400,000 tons of rubber (butyl, styrene butadiene rubber (SBR), butadiene rubber and EPDM), thermoplastic specialty polymers and carbon black for Middle Eastern and Asian markets.

 

In 2012, KEMYA awarded Daelim Industries, Technip and Tecnicas Reunidas the engineering, procurement and construction contract of the complex. 

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