31 Jul 2012
(MENAFN) Kemya Company, a 50/50 joint venture of Saudi Basic Industries Corp (Sabic) and ExxonMobil Chemical, expected its rubber plant in Jubail to start operations in the second half of 2015, Reuters reported.
The USD3.4 billion project targets both domestic and international synthetic rubber markets as Saudi Arabia seeks to build downstream industries around its major petrochemicals operations to produce higher value specialty chemicals.
Sabic CEO Mohamed Al-Mady said the partners had not yet decided how to finance the plant but all options were open.
Engineering, procurement and construction contracts have been awarded, the partners said in a statement.
The plant is poised to produce 400,000 tons a year of synthetic rubber and other polymers in June 2015.
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
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BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
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BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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