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People & Business :: Companies
Aramco-Dow Petchems JV Switches from Ras Tanura to Al Jubail
9:25 AM MDT | March 31, 2010 | Natasha Alperowicz
A previously announced multibillion-dollar petrochemical joint venture project planned between Saudi Aramco and Dow Chemical is set to be relocated from Ras Tanura to Al Jubail, Saudi Arabia to save costs, CW has learned. Sources close to the project tell CW that a final decision on the move to Al Jubail has been taken. The partners also considered Ras Al Zaur, Saudi Arabia as a possible site. The project will also be reduced in scale and, as exclusively reported in CW, will be based on one instead of two ethylene complexes, requiring a reconfiguration by...
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