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…

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