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Saudi Arabia plans $2-billion solar and carbon black complex

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ABU DHABI: 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 programme, 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.