Sadara Chemical, Dow Chemical's (DOW) JV with Saudi Aramaco, secures loan facilities worth...

|About: Dow Chemical Co. (DOW)|By:, SA News Editor

Sadara Chemical, Dow Chemical's (DOW) JV with Saudi Aramaco, secures loan facilities worth ~$10.5B to support construction of a $19.3B petrochemical complex at Jubail in Saudi Arabia. Dow expects Sadara to deliver EBITDA margins of 35%-40% and a stream of equity earnings for Dow averaging $500M/year during the first 10 years following start-up, scheduled for 2015.