Saudi Aramco and US-based Dow Chemical have announced that its Sadara petrochemical complex will be completed by the middle of 2015 and it will go into full operation the next year.

The construction work is on track and about 50 per cent of construction works has already been completed, the Arab News reported citing Sadara CEO Ziad Al Labban.

The project will reportedly contain 26 production units that will produce over 3 million tonnes of chemical and plastics products, including amines, glycol ethers, polyether polyols, polyethylene and propylene glycol.

As per the deal, Saudi Aramco will market products in the Middle East region whereas Dow Chemical will market 80 per cent of the products in global markets.

Dow Chemical said it is moving ahead with plans to add capacity for polyethylene and related feedstocks in the US Gulf Coast and in Saudi Arabia.

“We’re the only company to have two projects in the two lowest-cost areas simultaneously,” the Dow chairman and CEO Andrew Liveris was quoted asa saying in the report.

The site eventually will have almost 7 billion pounds of annual capacities for polyethylene (PE), polyurethanes, elastomers and related products.

"Work on the overall Sadara project is 45 per cent over, including the olefins units which are on track for completion," he added.