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



Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News

Braskem and PetroPeru to build Petrochemical Plant in Peru

LIMA, PERU: Braskem and Petroleos del Peru said they will seek to build a $3 billion petrochemical plant on the Peruvian coast. “The plant, w ...

Read more
Acetic Acid Plant in Gujarat – BP and Indian Oil Joint Venture

MUMBAI, INDIA: BP PLC (BP) and Indian Oil Corporation have come together for a joint venture to construct an acetic acid plant in western India. ...

Read more
Borouge- Shaping the Future with Plastics

ABU DHABI, UNITED ARAB EMIRATES: Borouge is a leading provider of innovative plastics solution, serving customers throughout the Middle East, Asia-P ...

Read more
Strategic Partnership between China XLX Fertiliser and Primavera Capital

HONG KONG, CHINA: China XLX Fertiliser Ltd has announced that Primavera Capital Group has agreed to subscribe its convertible bonds worth approximat ...

Read more
Borealis offers GPN to acquire PEC-Rhin

VIENNA, AUSTRIA: Borealis, a leading international provider of chemical and innovative plastics solutions and a major player in fertilizers in Centr ...

Read more
Solvay Group to develop its activities in reduction of greenhouse gas emission

BRUSSELS, BELGIUM: Solvay announced that it is acquiring a joint venture with Société Générale’s equity interest ...

Read more uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X