If you build it…

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Dow Chemical and Saudi Aramco are teaming up to build a $20 billion integrated chemicals complex in Jubail, Saudi Arabia, according to this report and Reuters.

“The joint venture called “Sadara Chemical Company” will build one of the world’s largest chemical facilities, the state-run Saudi energy giant said, producing over 3 million metric tonnes of chemical products and plastics a year,” Reuters reports.

According to the report, the facility will “be able to crack a wide range of feedstocks and produce polyurethans, propylene oxide, propylene glycol, elastomers, polyethylene, glycol ethers and amines.”

More on this development later this afternoon.