Sabic unit signs technology deal for new plant
Riyadh, May 15, 2011
Al-Jubail Petrochemical Company (Kemya) has signed a long-term technology licensing agreement with Continental Carbon Company for its production technology related to the construction and operation of a new greenfield carbon black plant.
The plant is being built at Kemya’s petrochemical complex at Al-Jubail, Saudi Arabia.
Kemya is a 50-50 joint venture between Saudi Basic Industries Corporation (Sabic) and ExxonMobil Corporation.
Kemya and Continental Carbon Company have also signed a long-term product off-take agreement in addition to the technology license.
Under terms of the agreement, Continental Carbon will market part of the production of the new plant to serve the local and international tyre industry, said a statement.
Continental Carbon Company is one of the world’s prominent carbon black manufacturers and its production technology has been successfully demonstrated in operating plants all over the world.
The final decision to implement the carbon black project requires the approval of Kemya’s board of directors, the statement said. – TradeArabia News Service
More Industry, Logistics & Shipping Stories
- Flare, Jordan form parent company ‘Aereon’
- Drydocks delivers second MCV for US
- ASIS launches amphibious leisure boat
- Taskforce sought to develop Saudi downstream sector
- DP World launches $200m India project
- RAK 'exploring' ceramics unit stake sale
- Mideast carriers top global air freight growth
- DMCA launches maritime solution apps
- Saudi plans oil-to-chemicals plant at Yanbu
- Sabic gets four bids for JV with Mitsubishi Rayon
- Pentair, IDC launch industrial services JV
- Major maritime conference to be held in Dubai
- GPIC wins key IFA certification
- Gulf rules must aid e-commerce: Aramex
- Gulftainer expands 2013 ops by 50pc
- DMCA to take part in Dubai boat show
- Al Namal to launch eco-friendly chillers
- Abu Dhabi city ports to receive facelift
- Kuwait Styrene posts $180m net profit
- Drydocks set for key energy event
- Aramex launches new address check system
- Toshiba in green push at Bahrain expo
- Equate net profit surges 14pc to $1.2bn
- Shaikh Daij named new Alba chairman
- Al Abbas wins logistics rights to Sudan
- Milaha profits jump 14pc to top $260m
- BIC, Al Zayani renew partnership
- Dubai Metro to open 2 stations Saturday
- Top petchem firms back UAE plastics events
- DGCX, China’s DCE launch plastics futures