Dow Announces Start-up of Sadara Mixed Feed Cracker
August 29 2016 - 8:00AM
Business Wire
The Dow Chemical Company (NYSE: DOW) today announced that its
joint venture in the Middle East – Sadara Chemical Company (Sadara)
– has achieved a significant milestone, starting up its mixed feed
cracker (MFC).
“Sadara is a fundamental cornerstone in Dow’s strategic actions
to deliver consistent, long-term earnings growth for our
shareholders and enhanced value and market access for our
customers,” said Andrew N. Liveris, Dow’s chairman and chief
executive officer. “The startup of the mixed feed cracker is a
pivotal next step in realizing the full value creation of this
world-scale integrated complex, which builds upon the unique
strengths of its parent companies to deliver a portfolio of
differentiated, high-value plastics and specialty chemical products
throughout emerging economies.”
Sadara supports Dow’s strategy to enable cost-advantaged growth
in key regions such as Asia Pacific, the Middle East, Africa,
India, and Eastern and Central Europe in key markets such as
packaging, construction, electronics and transportation. The MFC is
one of 26 manufacturing assets being built at the complex in Jubail
Industrial City II, the largest of its kind ever built in a single
phase. Ethylene and propylene produced by the MFC will be
subsequently converted to a wide range of value-added plastics and
specialty chemicals through Sadara’s other manufacturing units.
The complex has already commissioned two polyethylene trains,
qualifying 25 products to date and shipping PE to nearly 100
customers in more than 25 countries. Sadara remains on schedule for
a sequenced start-up process, continuing with the polyethylene and
polyolefins envelope to maximize timing in the ethylene cycle,
followed by ethylene oxide/propylene oxide and their derivatives.
The more than 3 million metric tons of performance-focused products
will add new value chains to the Kingdom’s vast petroleum reserves,
resulting in the diversification of the economy and region.
About Dow
Dow (NYSE: DOW) combines the power of science and technology to
passionately innovate what is essential to human progress. The
Company is driving innovations that extract value from material,
polymer, chemical and biological science to help address many of
the world's most challenging problems such as the need for clean
water, clean energy generation and conservation, and increasing
agricultural productivity. Dow's integrated, market-driven,
industry-leading portfolio of specialty chemical, advanced
materials, agrosciences and plastics businesses delivers a broad
range of technology-based products and solutions to customers in
approximately 180 countries and in high-growth sectors such as
packaging, electronics, water, coatings and agriculture. In 2015,
Dow had annual sales of nearly $49 billion and employed
approximately 49,500 people worldwide. The Company's more than
6,000 product families are manufactured at 179 sites in 35
countries across the globe. On June 1, 2016, Dow became the 100
percent owner of Dow Corning Corporation’s silicones business, a
global company with sales of greater than $4.5 billion in 2015, 25
manufacturing sites in 9 countries and approximately 10,000
employees worldwide. References to "Dow" or the "Company" mean The
Dow Chemical Company and its consolidated subsidiaries unless
otherwise expressly noted. More information about Dow can be found
at www.dow.com.
Note: The forward looking statements contained in this document
involve risks and uncertainties that may affect Dow’s operations,
markets, products, services, prices and other factors as discussed
in filings with the Securities and Exchange Commission (“SEC”).
These risks and uncertainties include, but are not limited to,
economic, competitive, legal, governmental and technological
factors. Accordingly, there is no assurance that Dow’s expectations
will be realized. The Company assumes no obligation to provide
revisions to any forward looking statements should circumstances
change, except as otherwise required by securities and other
applicable laws.
®TM Trademark of The Dow Chemical Company (“Dow”) or an
affiliated company of Dow
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version on businesswire.com: http://www.businesswire.com/news/home/20160829005476/en/
Rachelle SchikorraThe Dow Chemical Companyryschikorra@dow.com+1
989-638-4090
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