AlQa'dah 17, 1432, Oct 15, 2011, SPA - Sadara Chemical Company, with 26 manufacturing units, will be one of the world's largest integrated chemical facilities, and the largest ever built in one single phase. First production units are expected to come on line in the second half of 2015. All units are expected to be up and running in 2016, according to a latest press release of Saudi Aramco. Saudi Aramco's President and Chief Executive Officer Khalid A. Al-Falih and Dow Chairman and Chief Executive Officer Andrew N. Liveris signed recently a Joint Venture (JV) Shareholders' Agreement for Sadara Chemical Company. "Sadara is a milestone for Saudi Aramco and a cornerstone of our transformational downstream growth strategy, which will add further value to our significant petroleum value chain," Al-Falih said. The signing ceremony of the agreement, which took place on October 08, 2011, was presided over by Minister of Petroleum and Mineral Resources and Chairman of Saudi Aramco Ali Ibrahim Al-Naimi. Dr. Ibrahim Al-Assaf, Minister of Finance; Prince Saud Bin Abdullah Bin Thunayan, Chairman of the Royal Commission for Jubail and Yanbu; Prince Faisal Bin Turki Bin Abdulaziz Al-Saud, Advisor at the Ministry of Petroleum and Mineral Resources, and the distinguished guests of both companies were in attendance at the landmark event. --MORE
