Sadara Sadara and Jubail Cooperate on Materials Storage and Handling
Sadara sells huge tank storage capacities to Jubail Chemical and Storage Services in exchange for a 20-years contract covering port services in the area.
Khobar/Saudi Arabia – Sadara, a 20 billion dollar JV of Dow and Saudi Aramco will sell tank storage capacities to Jubail Chemical and Storage Services (JCSSC) for roughly US $ 470 million, local media reports say. JV partners Dow and Aramco plan to process on schedule with the development of the Sadara petrochemical cluster, despite low prices for oil and petrochemicals.
In exchange, JCSSC will provide bulk storage and product handling for Sadara at its storage and shipping terminal in Jubail’s King Fahd Industrial Port. The contract covers 20 years of services.