Published on February 26, 2015
Saudi Arabian Oil Co. and Dow Chemical Co. have decided to commence production at their
USD20 billion petrochemical plant Sadara Chemical Co this year. The plant will initially
produce ethylene and polyethylene and operations are expected to commence in 2017.
Other similar projects are facing problems because of falling crude prices. Saudi Arabia
started the petrochemical project in 2011, since then prices have slipped by 45 per cent.
In January, Qatar Petroleum and Royal Dutch Plc terminated their plans to set up a USD6.5
billion petrochemical plant.