With Vision 2030 as the guiding force, Saudi Arabia has carved substantial inroads in building out the Kingdom’s public-private partnerships. Sadara Chemical Company’s commissioning of 26 chemical plants reflects the latest development to fall under the nation’s economic diversification efforts.
All Eyes on Sadara
Sadara’s move to bring its chemical plants “on stream” will enable the company to produce more than three million tons of high-value performance plastics and specialty chemical products annually.
“Sadara’s slate of high-value chemicals, including many firsts for the Kingdom and the region, will create the quality performance, value-added and plastics products that support a higher living standard around the world, especially in the emerging Asia Pacific and Middle Eastern markets that will drive two-thirds of global petrochemical demand over the next decade,” said Saudi Aramco Chairman Khalid A. Al-Falih.
Reaching the Vision, Step by Step
For Saudi Aramco, Sadara’s landmark commissioning moves Saudi Aramco further toward its ultimate goal: positioning the organization as the world’s premier integrated energy and chemical company.
“Sadara’s commissioning positions the company to fully deliver its promise as a major catalyst for Saudi Arabia’s economic future — a promise that will be felt in human terms,” Al-Falih said.
“Commissioning of Sadara’s final plant marks a pivotal moment in the history of this landmark public and private partnership that advances Dow’s growth strategy and will help transform the Kingdom’s rich resources into solutions for the world through a thriving manufacturing sector,” Liveris said.
Read more at Arab News.