Saudi Aramco, Dow Chemical Shift Joint Venture Chemical Plant to Jubail
August 3, 2010
Bloomberg reports, Saudi Aramco and partner Dow Chemical Co. will shift the location of a proposed chemical and plastics plant to Jubail on the Persian Gulf coast. The partners expect to complete the engineering and design by mid-2011, the companies said today in a statement distributed by Business Wire. They moved it from a planned spot at Ras Tanura in Eastern Province, Saudi Arabia. Jubail, an existing industrial city that includes oil refining sites, may provide infrastructure benefits and opportunities for integration, Dow and Aramco said. The companies didn’t give a planned start date for the project today. The venture, announced in 2006, was planned to produce 1.8 million tons a year of ethylene from naphtha and ethane feedstock, Al-Judaimi said last year. The site would also make chlorine, polyvinyl chloride and other products.