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)

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Press release
from Sabic

website of the Carbon Black World conference