Dow Chemical's (DOW) Sadara JV Starts Mixed Feed Cracker
Zacks Investment Research | Aug 30, 2016 07:18AM ET
The Dow Chemical Company (NYSE:DOW) declared that its joint venture (JV) in the Middle East, Sadara Chemical Company, has started the operations of its mixed feed cracker (“MFC”), marking an important milestone for the JV. Sadara is a JV between Dow and Saudi Arabian Oil Company (“Saudi Aramco”).
Sadara is in line with Dow Chemical’s initiative to grow in the Asia Pacific, Middle East, India, Africa as well as Eastern and Central Europe with cost advantages. The company aims to expand in markets including packaging, electronics, construction and transportation. The startup of the MFC marks an important step in realizing the full value of this state-of-the-art, global integrated complex, which is geared to provide emerging economies with differentiated and high-value plastics as well as specialty chemical products.
Sadara’s Jubail Industrial City II complex will comprise 26 production assets, including the MFC. The MFC will manufacture ethylene and propylene which will then be converted into other plastics and chemicals in the facility. The facility already caters to nearly 100 customers spread across more than 25 countries. Sadara is progressing toward a start-up process, with the polyethylene and polyolefins envelope to help maximize timing in the ethylene cycle, and thereafter, ethylene oxide and propylene oxide along with their derivatives.
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