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Sadara Highlights Chemicals Diversification in Mideast Sadara Key Milestones

8:10 AM MST | November 26, 2011 | —Robert Westervelt

Sadara Signing: Saudi Aramco CEO Khalid Al-Falih (l) and Dow CEO Andrew Liveris sign shareholders agreement. Saudi Aramco and Dow Chemical say their $20-billion joint venture at Jubail, Saudi Arabia, named Sadara, marks a milestone in the Mideast, bringing downstream and higher-value product chains that have never been produced in the region. Sadara will consist of 26 manufacturing units, centered around a worldscale mixed-feed cracker. Aramco and Dow expect revenue from the jv to reach $10 billion within ten years of startup in 2015. Total output will exceed 3...

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