Sadara chemical JV likely to tap debt market

12 October 2011: The Sadara chemical joint venture being built by Saudi Arabian Oil Company and Dow Chemical Company may tap debt markets to help finance the project. The venture will explore all sources of funding as it is a big project that needs a lot of debt. The project will examine bond and sukuk markets. The plant will make three million tonne of chemical products per annum, generating about $10bn worth of sales per annum, within a few years.

Source: Ameinfo