Monday 25 July 2011

Saudi Aramco, Dow to build $20-bln chemical complex - Maktoob News

Saudi Aramco and U.S. Dow Chemical Company is to immediately start building a $20-billion integrated chemicals complex in Jubail, Saudi Arabia, Aramco said on Monday.

The joint venture called 'Sadara Chemical Company' will build one of the world's largest chemical facilities, the state-run Saudi energy giant said, producing over 3 million metric tonnes of chemical products and plastics a year.

'This enterprise will play a key role in the Kingdom's industrial and economic diversification while contributing to the creation of thousands of high quality jobs,' Khalid Al-Falih, president and CEO of Saudi Aramco, said in a statement.

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