German China India

Saudi Arabia: Dow and Aramco Announce Start-Up of Joint Venture

Sadara Chemical Company Inaugurated

| Editor: Alexander Stark

During a recent visit to the Kingdom of Saudi Arabia, Liveris met with H.R.H. Deputy Crown Prince Salman Al Saud, to discuss Dow’s existing investments in the Kingdom and potential future opportunities,
During a recent visit to the Kingdom of Saudi Arabia, Liveris met with H.R.H. Deputy Crown Prince Salman Al Saud, to discuss Dow’s existing investments in the Kingdom and potential future opportunities, (Source: Business Wire)

Sadara Chemical Company, a joint venture between The Dow Chemical Company and Saudi Arabian Oil Company (Saudi Aramco), was inaugurated by the Saudi King.

Jubail/Saudi Arabia — Comprising 26 manufacturing units, Sadara is one of the world’s largest integrated chemical facilities and the largest ever built in a single phase. The complex possesses flexible cracking capabilities and will produce more than three million metric tons of high-value performance plastics and specialty chemical products, capitalizing on rapidly growing markets such as transportation, infrastructure, packaging and consumer products. The performance-focused products will add new value chains to the Kingdom’s vast petroleum reserves, resulting in the diversification of the economy and region.

The complex has started its Mixed Feed Cracker and commissioned three polyethylene trains, qualifying 25 products to date and shipping polyethylene to nearly 100 customers in more than 25 countries. Sadara remains on schedule for a sequenced start-up process, continuing with the polyethylene and polyolefins envelope, the propylene oxide/isocyanates/polyurethanes envelope, and finally the ethylene oxide/propylene oxide/specialty chemicals units.

During a recent visit to the Kingdom of Saudi Arabia, Liveris met with H.R.H. Deputy Crown Prince Salman Al Saud, to discuss Dow’s existing investments in the Kingdom and potential future opportunities aligned to the Company’s growth strategy and Saudi Arabia’s Vision 2030. Dow has been investing in Saudi Arabia for more than 40 years, is the largest foreign investor and currently has more than 500 employees in the country.

In June, Dow became the first company to receive a trading license from the Government of Saudi Arabia, allowing 100 % ownership in the country’s trading sector. In addition to Sadara, Dow maintains several joint ventures in the region including a joint venture with Juffali & Brothers, and Saudi Acrylic Monomer Company (SAMCo). Additional strategic investments include agreements with King Abdullah University of Science and Technology (KAUST) to construct a new Dow Middle East Research and Development Center, and a Reverse Osmosis manufacturing facility — the first unit of its kind outside of the United States.

Andrew Liveris, Dow’s chairman and chief executive officer, was invited to deliver remarks at the event which was also attended by His Royal Highness, the Deputy Crown Prince of Saudi Arabia, Mohammad bin Salman Al Saud, Second Deputy Premier and Minister of Defense; His Excellency Khalid A. Al-Falih, Saudi Arabia’s Minister of Energy, Industry and Mineral Resources and Chairman of Saudi Aramco; Amin H. Nasser, Chief Executive Officer of Saudi Aramco; and other distinguished guests including Sadara’s Board of Directors and leadership members.

Comments are being loaded ....

Leave a comment

The comment is checked by an editor and will be released soon.

  1. Avatar
    Avatar
    Edited by at
    Edited by at
    1. Avatar
      Avatar
      Edited by at
      Edited by at

Comments are being loaded ....

Report comment

Kommentar Freigeben

Der untenstehende Text wird an den Kommentator gesendet, falls dieser eine Email-hinterlegt hat.

Freigabe entfernen

Der untenstehende Text wird an den Kommentator gesendet, falls dieser eine Email-hinterlegt hat.

copyright

This article is protected by copyright. You want to use it for your own purpose? Contact us via: support.vogel.de/ (ID: 44411756 / Business & Economics)