The financial impact of the start of commercial operations at the polybutadiene unit would be reflected in its fourth-quarter earnings, while the ethylene propylene diene monomer business would likely reach full capacity in the first quarter of 2017.Īl-Jubail Petrochemical Company (KEMYA) rubber plant cost $3.4 billion and is a joint venture between SABIC and Exxon Chemical Arabia, a subsidiary of Exxon Mobil. The Saudi firm, one of the world’s largest petrochemicals groups, added in a bourse filing that it had also begun trial operations at the ethylene propylene diene monomer unit of the KEMYA complex on Friday.
DUBAI, Oct 23 (Reuters) - Saudi Basic Industries Corp (SABIC) said on Sunday that it started commercial operations the previous day at the polybutadiene industrial rubber part of its KEMYA joint venture with a unit of Exxon Mobil.
