SAMCo is a joint venture owned by Tasnee Sahara Olefins Company (TSOC) of Saudi Arabia and Dow. When completed, the Jubail plant, which is the first acrylic monomer production facility in the region, is expected to contribute to the Kingdom of Saudi Arabia in terms of economic development, industrial diversity by supplying products for local and regional markets, provide access to new markets and customers and enable the creation of more than 200 new jobs.
The majority of the plant's production would supply the needs of downstream businesses to make products used in paints and coatings, adhesives, caulks, sealants, plastics additives, detergents additives and in industrial applications, among others.
Earl Shipp, President of Dow India, Middle East and Africa, said:
"Our objective is to assure a seamless transition from Rohm and Haas to Dow's Performance Products Division and to become a strategic partner in the SAMCo JV. Through Dow's growing presence in KSA, we are committed to the economic development of the Kingdom of Saudi Arabia and its transformation into a key player in the global petrochemicals industry. The expected job creation by the Jubail JV plant best demonstrates this commitment. However, Dow's commitment extends beyond our fences as we look to be a driving force for overall development in the local KSA communities where we plan to operate."
As part of Dow's commitment to the economic development of KSA, Dow recently announced its intentions to establish a multi-year, multi-million dollar joint research framework with King Abdullah University of Science and Technology (KAUST) in the Kingdom of Saudi Arabia (KSA). The framework is designed to support the University's goal of fostering economic development through the advancement of technology and is completely aligned with Dow's focus on delivering science-based solutions for everyday needs.