Saudi Aramco and The Dow Chemical Company are to jointly construct and operate a new chemicals and plastics production complex in Saudi Arabia, named the Ras Tanura Integrated Project.
The joint venture will be integrated with Saudi Aramco’s Ras Tanura Refinery complex and its Ju’aymah gas processing plant, two of the largest facilities of their kind in the world.
The latter two facilities will supply feedstock to the joint venture which will continue to be owned and operated by Saudi Aramco.
The Ras Tanura petrochemical complex will produce a broad range of both basic and performance products, including polyethylene, ethylene oxide and glycol, propylene oxide and glycol, chlor-alkali, vinyl chloride monomer, polyurethane components, epoxy resins, polycarbonate, amines and glycol ethers.
When fully operational, it will be one of the largest grassroots plastics and chemicals production facilities in the world.