Recently, Saudi Basic Industries Corporation (SABIC), CEO, SABIC will confirm the final investment matters and Exxon Mobil plans. Both parties expect to launch a synthetic rubber project in Saudi Arabia in July. The project is worth billions of dollars. Sabic CEO Muhammad Al-Mady told reporters: “We will make a final decision in July and the bids are ready. But this does not mean that the project will start immediately. If the bid price is very high, we may not continue. Go on." The joint venture factories of the two sides can produce more than 400,000 tons of rubber and synthetic polymers each year for sale in Saudi domestic and international markets. Silicon Coil For Transformer Core
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SABIC and ExxonMobil Jointly Establish Rubber Factory