Saudi Aramco’s joint venture partner in $20bn chemical complex to sell products in key foreign markets
The US’ Dow Chemical Company has agreed to market the products produced by the $20bn Sadara Chemical Company complex it is building in a joint venture with Saudi Aramco.
Dow said that the marketing agreement allows it to sell the offtake from the petrochemical complex located at Jubail in the Eastern province of Saudi Arabia. The products will be targeted at key markets in growing regions where Dow has “strong brand recognition and well-established market channels that enable customer growth”.
About 50 per cent of the products included in the marketing agreement will be offered to expanding Asia-Pacific markets, with the rest being sold in Central and Eastern Europe, as well as Africa and India.
Sadara Chemical will be responsible for selling products produced at the complex in the Middle East, with the primary market being Saudi Arabia.
When complete, the Sadara complex will have a capacity of about 8 million tonnes a year (t/y) and is the largest facility of its type ever to be built in one phase.
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