SABIC Signs Agreement with Montefibre for Fully Integrated Carbon Fiber Project
SABIC will first use the technology for a new carbon fibre plant to be built in Saudi Arabia. SABIC and Montefibre also signed a Memorandum of Understanding for the companies to study the feasibility of a new carbon fiber production plant in Spain to be integrated into Montefibre’s existing acrylic fiber production site and thus allowing SABIC to accelerate product development and material qualification activities with customers and end-users. Once complete, the carbon fibre project is expected to establish a domestic supply of more than 3 kt of industrial grade carbon fibre to serve emerging local markets in the Middle East as well as international markets. The project will also include the creation of a new carbon fibre product development centre and composite plastics application development capabilities at the SABIC Plastics Application Development Centre (SPADC) which is currently under construction at the Riyadh Techno Valley research complex at King Saud University. Both the carbon fibre production plant and the SPADC capabilities are aligned with Saudi Arabia’s National Industrial Clusters Development Program to grow and diversify the manufacturing sector in Saudi Arabia (07/2011).