Sadara Chemical Company has attracted 17 companies to the conversion park it is building next to its $20bn petrochemicals complex, which is also under construction in Jubail in the Eastern Province of Saudi Arabia.
The PlasChem Park will be spread across 12 square kilometres and will concentrate on downstream conversion industries that will use the product slate from Sadara. The industries that have already signed up include firms from the following sectors:
Reverse osmosis (RO) membranes
Ethylene oxide/propylene oxide derivatives
Butyl glycol tethers derivatives
Polyolefin elastomers specialty applications
The complex is currently under construction and is expected to start the commissioning of some of the units in 2015. Saudi Aramco and the US’ Dow Chemical are 50:50 joint ventures partners on the scheme.
The remaining offtake from Sadara will be offered on the international market.