Saudi Arabia's Sadara reaches marketing agreement with US Dow

08 October 2012 22:46  [Source: ICIS news]

HOUSTON (ICIS)--Dow Chemical will market and sell the majority of plastics and specialty chemical products produced by Sadara Chemical, its joint venture with state oil firm Saudi Aramco, the US-based company said on Monday.

Dow will serve existing customers and target new ones in fast-growing regions, primarily Asia Pacific, as well as other key countries in central and eastern Europe. Sadara will market the products in Middle Eastern nations.

Dow and Saudi Aramco finalised the joint venture in July 2011.

Sadara will construct and operate a chemicals complex in Jubail Industrial City, Saudi Arabia, which will come on line in 2015 and be fully operational by 2016, Dow said.

The 26-unit complex will have cracking capabilities and produce more than 3m tonnes/year of polyurethanes, propylene glycol (PG), butyl glycol ethers, amines, polyethylene (PE) and polyolefin elastomers, Dow said.

By: Tracy Dang
+1 713 525 2653

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