Sadara Chemical Company- A Joint Venture Dow Chemicals Saudi Aramco

Sadara Chemical Company- A Joint Venture of Dow Chemicals and Saudi Aramco

1:29 AM, 29th November 2011
Sadara Chemical Company- A Joint Venture of Dow Chemicals and Saudi Aramco

DHAHRAN, SAUDI ARABIA: The Dow Chemical Company and Saudi Arabian Oil Company (Saudi Aramco) announced the official formation of Sadara Chemical Company (Sadara), a joint venture between the two companies. Also announced Sadara’s Board of Directors and its senior officers. The Sadara Board is comprised of eight members.

Sadara is expected to deliver annual revenues of approximately $10 billion within a few years of operation. The Joint Venture and related investments are expected to generate thousands of direct and indirect employment opportunities. By the end of 2011, Dow and Saudi Aramco are aiming to recruit hundreds of Saudi nationals for the first batch of technical trainees for competitive and unique manufacturing and engineering training programs.

Utilizing Dow's cutting-edge product technologies and Saudi Aramco's world-class project management and execution capabilities, the manufacturing units will produce a wide range of performance products such as Polyurethanes (isocyanates, polyether polyols), Propylene Glycol, Elastomers, Linear Low Density Polyethylene, Low Density Polyethylene, Glycol Ethers and Amines. Sadara will market products within a regional zone consisting of Middle Eastern countries, including the Kingdom. Dow will leverage its global marketing know-how to market and sell on behalf of Sadara to the rest of the world.

© WOC News

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