The Dow Chemical Company and the Saudi Arabian Oil Company (Saudi Aramco) recently announced that the Boards of Directors of both companies have approved the formation of a joint venture (JV) to build and operate a world-scale, fully integrated chemicals complex in Jubail Industrial City, Kingdom of Saudi Arabia. The authorization for the new joint venture, named "Sadara Chemical Company", comes after an extensive project feasibility study and front-end engineering and design effort which began in 2007.
