Saudi Basic Industries Corporation (SABIC) [2010.SE] has announced that commercial operations of the carbon black and utilities units at its Saudi Elastomers project, owned by its subsidiary Kemya, have commenced as of 1 April. According to the announcement, the financial impact of the commercial operations is expected to show starting 2Q2016 financial results. SABIC also stated in the release that it had commenced trial operations at the polybutadiene plant as of 31 of March, which is expected to reach commercial operations during 2016. It is worth noting that the project is expected to produce 400,000 tonnes per year (tpy) of rubber such as i) styrene butadiene rubber (SBR); ii) butadiene rubber; iii) EPDM; as well as iv) thermoplastic specialty polymers and carbon black. The project, owned by Kemya, has an estimated investment cost of USD3.4 billion, while Kemya is a 50%-owned subsidiary of SABIC and the remaining 50% is owned by Exxon Mobil Arabian Chemical Company. (Tadawul)   SABIC: SAR74.84 as of 31 March 2016, Rating: Buy, FV: SAR85.00 per share, MCap: USD59,872 million, SABIC AB / 2010.SE