ABU DHABI (Reuters) - 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 program, 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. Reporting by Stanley Carvalho; writing by Davide Barbuscia; editing by Jason Neely
Saudi Arabia is set to invest $2bn in a solar and carbon black integrated complex, according to an official from the country's National Industrial Clusters Program. The scheme will form part of a collaboration between Saudi Arabia, Chinese company Longi and South Korean firm OCI, according to Tariq Baksh, the vice-president of chemicals and renewables at the organisation. Baksh said that a feasibility study for the proposal is expected to be completed by mid-2019.