Tag: Petrochem giants to invest US$1.2 billion for KSA rubber plant expansion

Petrochem giants seek funds for KSA rubber plant expansion

SAUDI  Basic Industries Corp  (SABIC) and Exxon Mobil  are seeking US$1.2 billion funds from banks for the expansion of their petrochemicals joint project in the Kingdom of Saudi Arabia (KSA), according to sources. Allegedly, Al-Jubail Petrochemcial Co (Kemya) will source…