24-02-2016

Sadara the countdown continues

The boards of directors of Saudi Aramco, Dow Chemical Company (Dow), and the Sadara Chemical Company gathered at the Sadara complex recently to get a closer look at the significant progress made at the facility.

The visit was headed by Saudi Aramco Chairman of the Board of Directors HE Khalid A. Al-Falih and Dow Chairman and CEO, Andrew Liveris. Board members heard presentations about the overall project progress — which is now 98% complete — and took a tour of the Sadara facilities, as well as the adjacent PlasChem Park, which is being developed for local manufacturers to make use of Sadara’s specialty feedstocks.

The $20-billion project is the world’s largest chemical complex ever built in a single phase. The six-square-kilometer complex is comprised of 26 plants, 14 of which are producing specialty chemical products that have never been produced in the Kingdom previously. One of these plants, the Solution Polyethylene plant, has already begun production and shipped its first products to Singapore late last year.

By partnering with Dow to build Sadara, Saudi Aramco is making huge strides toward our commitment to support and strengthen the Saudi economy through diversification. Saudi Aramco aspires not only to become a global leader in energy and petrochemicals; it also commits itself to help diversify the Saudi economy through strategic investments in key industries that will attract foreign and domestic investment, which will in turn create manufacturing opportunities, as well as thousands of new highly skilled jobs for Saudi citizens.

Al-Falih commended the board members from Dow and Saudi Aramco for their “bold” decision more than eight years ago to form a partnership to build Sadara.