SABIC Receives an International Licence on Montefibre's Carbon Fiber to Serve in Growing Markets
- Jun 16, 2011
Saudi Basic Industries Corporation (SABIC) has announced that it has signed a technology agreement with Montefibre S.p.A (Montefibre) granting SABIC and its affiliates an extensive international licence on carbon fiber technology developed by Montefibre. SABIC will first use the technology for a new carbon fiber plant to be built in Saudi Arabia. This plant demonstrates how SABIC continues to add innovative new specialty products to its offering. It will enable SABIC to serve the growing demand for carbon fiber and composites in such fast-growing markets as alternative energy, transportation and infrastructure.
SABIC and Montefibre also signed a Memorandum of Understanding for the companies to study the feasibility of a new...
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