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Saudi Arabia plans $2-billion solar and carbon black complex

Saudi Arabia plans $2-billion solar and carbon black complex

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A feasibility study for the solar and carbon project will be completed by mid-2019, said Tariq Baksh, vice-president, chemicals and renewables programme, at Saudi Arabia’s National Industrial Clusters Program

ABU DHABI: Saudi Arabia plans to develop a $2 billion solar and carbon black integrated complex in partnership with China’s Longi and South Korea’s OCI, a Saudi official said.

A feasibility study for the solar and carbon project will be completed by mid-2019, said Tariq Baksh, vice president, chemicals and renewables programme, at Saudi Arabia’s National Industrial Clusters Program.

He was speaking to reporters on the sidelines of a conference in Abu Dhabi.

Carbon black is produced from heavy petroleum products.

Source: reuters
Anand Gupta Editor - EQ Int'l Media Network

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