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