MIDLAND, Mich. (July 27, 2011)—Dow Chemical Co. is to build an integrated chemicals complex in Jubail Industrial City, Saudi Arabia, as part of a joint venture with the Saudi Arabian Oil Co. (Saudi Armaco).
The facility will have a capacity of 3 million metric tons per year, according to Dow. Total investment for the project will be about $20,000 million.
Dow said the authorization for the joint venture, called Sadara Chemical Co., comes after an extensive project feasibility study, which began in 2007.
The complex will consist of 26 manufacturing units and be one of the world's largest integrated chemical facilities, Dow said.
Construction will begin immediately, and the first production units are due to come online in the second half of 2015, with all units expected to be up and running in 2016, according to the company.