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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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Comments (2) for Dow and Aramco Form Sadara Chemical JV; Investment to Reach $20 billion (Updated)
1.
This is very good news for Saudi Arabia. Sadara will be another top-notch operation patterned after its creators with the engineering skills and feedstocks from Aramco and the technology and products of DOW
Posted by M. OLA on Monday, July 25, 2011 @ 08:09 AM
2.
This is one of the best initiatives looking at the product multitudes that comes into KSA. Hope this effort paves a way for many commercially viable products to re-build economic growth and stability specially in the Asia/Pacific region..
Posted by G Francis Arulananda on Monday, July 25, 2011 @ 09:57 PM










 
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