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Dow, Saudi Oil Firm Partner on $20B Plant

JUBAIL INDUSTRIAL CITY, SAUDI ARABIA-The Midland, MI-based chemical company and Saudi Arabia’s oil firm will build the world’s largest chemical complex here.

By Robert Carr | Updated on July 25, 2011

JUBAIL INDUSTRIAL CITY, SAUDI ARABIA- Midland, MI-based Dow Chemical Co. and the Saudi Arabian Oil Co. announced earlier today that it is going ahead with four-year-old plans to build a $20-billion chemical plant here. The plant will comprise 26 manufacturing divisions creating products and plastics for the energy, transportation, infrastructure and consumer products industries, to capitalize on emerging markets such as China and the Middle East.

Dow is one of the world’s most well-known chemical companies. The Saudi firm, also known as Saudi Aramco, is owned by the Saudi government. The two firms are forming a venture called the Sadara Chemical Co. The name is an anagram, with “Sa” signifying Saudi Aramco, “d” standing for Dow, and “ara” for Arabia.

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