The project will also see the participation of South Korea’s OCI and China’s Longi.

As per a statement from a Saudi official, Saudi Arabia plans on developing a $2 billion solar and carbon black integrated complex in partnership with South Korea’s OCI and China’s Longi.

A feasibility study for the carbon black and solar project will be completed by mid-2019, said Tariq Baksh, vice president, chemicals and renewables program, at Saudi Arabia’s National Industrial Clusters Program.

Incidentally, carbon black is produced from heavy petroleum products.