Saudi Aramco, Dow’s $19.3 billion joint venture, Sadara, to start operation mid 2015

Saudi Arabian Oil Co. (Aramco) and the Dow Chemical Co.’s $19.3 (SAR 72 billion)- joint venture in Jubail,  Sadara Chemical Co, will start operating its cracking unit in 2015, a company executive said on the sideline of a petrochemicals conference in Berlin.

The complex, one of the world’s biggest and the first in the Middle East that directly uses feedstock like naftha, will produce final products including, polyurethane, propylene oxide, glycol propylene, glycol ether and polyethylene.

Aramco will sell 20 percent of the output in the Middle East, while Dow will market the rest worldwide.