The Dow Chemical Company has announced that it has signed two agreements to advance the company’s strategic innovation agenda in the Kingdom of Saudi Arabia (KSA).
Dow will construct a state-of-the-art manufacturing facility to produce a range of polymers for coatings and water-treatment applications. The company has also signed a memorandum of understanding (MoU) for a feasibility study related to a proposed investment in the company’s Performance Silicones franchise.
Located in the PlasChem Park in Jubail, the coatings facility will service the needs of the Saudi Arabian market with an innovative range of acrylic-based polymers for industrial and architectural coatings and water treatment and detergent applications.
Dow expects that the investment will create approximately 1000 jobs during peak construction and approximately 100 high-skilled, full-time operations jobs in the country.
The new coatings facility will complement Dow’s existing coatings capabilities in the Middle East, which include an existing facility at Jebel Ali, in Dubai, UAE.
The proposed silicones investment will include constructing a fully integrated, world-scale siloxanes and high performance silicones complex geared towards markets and industries such as home and personal care, automotive, high performance building and construction, solar energy, medical devices, and oil and gas.
Read the article online at: https://www.hydrocarbonengineering.com/petrochemicals/23052017/dow-inks-saudi-arabia-agreements/