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Dow and Aramco Form Sadara Chemical JV; Investment to Reach $20 Billion (Update 2)
6:32 AM MDT | July 26, 2011 | Natasha Alperowicz
Dow Chemical and Saudi Aramco have confirmed CW’s exclusive report that they are going ahead with the formation of a previously announced joint venture, to be known as Sadara Chemical Company. The boards of directors have approved the formation of the jv, which will build and operate a world-scale, fully integrated chemicals complex at Jubail, Saudi Arabia at a cost of approximately $20 billion. Sadara means progressive leadership and enhanced performance in Arabic. The authorization comes after an extensive project feasibility study and front-end...
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