The Dow Chemical Co. and Saudi Arabian Oil Co. (Saudi Aramco) have launched a joint venture to build a $20 billion petrochemical plant in Jubail, Saudi Arabia.

The companies’ respective boards have already approved the deal — which was announced July 25 — to create what will be known as the Sadara Chemical Co. Construction of the Sadara complex, envisioned as one of the world’s largest facilities for integrated chemicals, is to begin immediately and slated to begin production by the second half of 2015. The companies expect the project to be fully operational by 2016.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]