SABIC and Montefibre sign agreement for carbon fibre project in Saudi Arabia

 Saudi Basic Industries Corporation (SABIC) signed a technology agreement with Montefibre S.p.A (Montefibre) granting SABIC and its affiliates an extensive international license on carbon fibre technology developed b y Monte fibre. SABIC will first use the technology for a new carbon fibre plant to be built in Saudi Arabia. Once complete, the carbon fibre project is expected to establish a domestic supply of more than 3,000 metric tonnes 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 Center (SPADC) which is currently under construction at the Riyadh Techno Valley research complex at King Saud University.
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