SABIC begins commercial ops at KEMYA JV

Saudi Basic Industries Corp (SABIC) on Sunday started commercial operations at its synthetic rubber ethylene-propylene-diene-monomer unit, as well as the thermoplastic specialty polymers and halobutyl rubber units at full capacity at Al-Jubail Petrochemical Company (KEMYA) joint venture plant.

The financial impact of the commencement of operations would show on the company’s results in Q3-2017, the company said in a bourse statement.

The KEMYA rubber plant which cost $3.4 billion is a joint venture between SABIC and Exxon Chemical Arabia, a subsidiary of Exxon Mobil.

The project will supply over 400,000 metric tons of rubber annually, including thermoplastic polymers and carbon black for domestic markets, the Middle East and Asia, according to the statement.