MOSCOW (MRC) -- Sadara Chemical Co.’s (Sadara) manufacturing units have attracted nearly USD1.5 billion during the current finanical period, London-based Asharq Al-Awsat newspaper reported, citing Mohammad Al-Azzaz, the company's director of value parks, said Argaam.
Sadara is also establishing a new zone to attract tech firms and other companies that provide specialty products, Al-Azzaz said, adding that projects signed so far have created 1,500 job opportunities.
The chemical company is 65 percent owned by Saudi Aramco and 35 percent-owned by the US-based Dow Chemical Co., according to the data available on Argaam.
Sadara's complex is the world’s largest chemical facility, with 26 integrated world-scale manufacturing plants. The complex is expected to become fully operational by the end of this year.
As MRC informed earlier, the USD20 bln petrochemical joint venture between Saudi Aramco and Dow Chemical- Sadara Chemical, plans to start up its mixed-feed cracker in March.
Sadara is building a world-scale, fully integrated chemicals complex in Jubail Industrial City 2, Kingdom of Saudi Arabia. The complex will be comprised of 26 manufacturing units, will possess flexible cracking capabilities and is expected to produce more than 3 million metric tons of high-value performance plastics and specialty chemical products. The first production units are expected to come on-line in the second half of 2015, with full production starting in mid-2016.
MRC