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 expected to invest $ 2bn in a solar and carbon black integrated complex , according to an announcement from the organisation 's National Industrial Clusters Program . The scheme will form part of a partnership between Saudi Arabia , Chinese company Longi and South Korean energy corporation , according to Tariq Baksh , the vice - president of solar and renewables at the organisation . Baksh said that a feasibility study for the proposal is expected to be completed by mid-2019 .