Related Articles
Forward article link
Share PDF with colleagues

Downstream Initiative of the Year

Sadara Chemical Company

Sadara Chemical Company takes its name from the Arabic for “out in front.” The company exemplifies its name through its internationally acclaimed downstream enterprises and progressive leadership.

Sadara is leading the vision for the future of Saudi Arabia’s downstream diversification plans. In an unprecedented collaboration with the Royal Commission for Jubail and Yanbu, the company is driving progress at the impressive PlasChem Park industrial complex, the world’s largest chemical complex.

The project is a unique concept distinct from any previous petrochemical, chemical and plastic manufacturing projects undertaken in Saudi Arabia. Located in Jubail Industrial City II, the venture has attracted $20bn in investment. The complex also benefits from its location adjacent to Sadara’s new manufacturing complex.  Sadara’s Mixed Feed Cracker uses world class technology to produce ethylene, propylene, benzene and toluene, among other vital chemical building blocks.

Aligned with the goals of the Vision 2030 economic transformation, the PlasChem complex will produce over 3mn tonnes of chemicals and products a year when fully complete. Booming population growth in the MENA region, and the rise of the middle class in Asia, places Saudi Arabia in a prime location to target thriving product demand. This will enable the creation of downstream industries and chemical manufacturing across the whole Kingdom. The drive is central to plans aimed at reducing imports and enhancing the value of Saudi exports.

Also in this section
Latin American M&A rallies
25 November 2020
Asset sales in the region are again starting to lure buyers after a tough financial year
Husky deal not the trigger for Canadian consolidation wave
5 November 2020
M&A activity may have started to rally, but further big-ticket transactions look unlikely
Adnoc keeps busy
5 November 2020
The Emirati NOC continues to expand its competencies and monetise assets