ExxonMobil - Sabic deal is to support tyre/vehicle industry in Saudi
Budapest, Hungary -- According to sources close to the deal, the announcement by Sabic and ExxonMobil to develop carbon black, SBR and BR in Saudi Arabia is part of their mutual efforts to support the Saudi government in its aims to build a vehicle industry in the country. The sources were speaking at Carbon Black World, a conference organised by Intertech-Pira being held in Budapest this week.
While neither ExxonMobil nor Sabic currently has expertise in carbon black and some of the other materials involved in the feasibility study, the two companies are determined to develop that expertise in order to provide infrastructure for a future tyre industry in the country.
The source said the Saudi government is keen to build a tyre industry in the country and this project is designed to ensure that any tyre maker who comes to Saudi has access to all the necessary raw materials when they eventually begin making tyres.
ExxonMobil Chemical is world leader in butyl and halobutyl rubber and has a strong position in EPDM and related elastomers.
Carbon Black World is organised by Intertech-Pira (See link below)
This is an external link and should open in a new window. ERJ is not responsible for the content of external sites.
Press release
from Sabic
website of the Carbon Black World conference
This article is only available to subscribers - subscribe today
Subscribe for unlimited access. A subscription to European Rubber Journal includes:
- Every issue of European Rubber Journal (6 issues) including Special Reports & Maps.
- Unlimited access to ERJ articles online
- Daily email newsletter – the latest news direct to your inbox
- Access to the ERJ online archive