Dow and Sadara reach sales and marketing agreement

Published: October 8, 2012 6:00 am ET

Related to this story

Topics Materials Suppliers
Companies & Associations

MIDLAND, MICH. (Oct. 8, 12:40 p.m. ET) — Dow Chemical Co. announced Oct. 8 that it will sell a majority of the production from Sadara Chemical Co., Dow’s joint venture with Saudi Arabian Oil Co. (Saudi Aramco).

Midland-based Dow said the agreement will help it in fast-growing regions including Asia Pacific markets, Central and Eastern Europe, Africa and India.

Sadara will market the products itself in certain Middle Eastern nations, including Saudi Arabia.

The joint venture will make a variety of chemicals, including polyethylene, polyolefin elastimers, and polyurethanes. The first production units are scheduled to come online in 2015, with all units running by 2016.

“This project – the largest of its kind ever built in a single phase – will literally transform our industry and the petrochemical sector in Saudi Arabia by creating an advanced manufacturing hub that provides a differentiated product slate from a competitive, low-cost position,” Dow Chairman and CEO Andrew Liveris said in a news release.

Within a few years of becoming fully operational, Sadara is projected to deliver annual revenues of approximately $10 billion. The joint venture will also generate thousands of direct and indirect jobs through the complex and related investments in downstream value parks.


Comments

Dow and Sadara reach sales and marketing agreement

Published: October 8, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Dow Chemical sees potential for PE growth in packaging

March 30, 2015 1:17 pm ET

The packaging market continues to provide growth for the polyethylene business of Dow Chemical Co. — which is a good thing, since the firm will ...    More

Image

TPUs finding applications in drug-delivery applications

March 30, 2015 12:56 pm ET

Lubrizol Corp. is sending its thermoplastic polyurethane products into medical products, foam and film.    More

Image

Production begins at Sipchem's new EVA, LDPE plant

March 30, 2015 10:36 am ET

A unit of Saudi International Petrochemical Co. (Sipchem) will start commercial operations at its ethylene-vinyl acetate (EVA) and low density...    More

Image

Dow Chemical to merge chlorine operations with Olin

March 27, 2015 12:43 pm ET

Dow Chemical Co. is combining a large part of its chlorine value chain with specialty chemicals and ammunition maker Olin Corp. to create a global...    More

Image

Eastman Chemical expanding Tritan co-polyester capacity

March 27, 2015 10:00 am ET

Eastman Chemical Co.'s Tritan-brand co-polyester business continues to grow, with 35 million pounds of capacity added late last year and a second plan...    More

Market Reports

Flexible Packaging Trends in North America

North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events