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Sabic and ExxonMobile ink deal
- Saudi Arabia: Thursday, November 20 - 2008 at 09:24
Saudi Basic Industries Corporation (SABIC) and affiliates of ExxonMobil Chemical have signed a Heads of Agreement (HOA) for a new elastomers project at their petrochemical joint ventures, Kemya and Yanpet. The HOA defines the principal terms for the proposed multibillion dollar project including project scope, technology, marketing and feedstock supply. The project would establish a domestic supply of over 400 KTA of carbon black, rubber and thermoplastic specialty polymers to serve emerging local and international markets.
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Jeff Florian, Senior ReporterThursday, November 20 - 2008 at 09:24 UAE local time (GMT+4)
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