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Dow, KPC $11bn petrochem venture
- Kuwait: Saturday, December 15 - 2007 at 08:38
The US based Dow Chemical Company and Kuwait's Petrochemical Industries Company (PIC), a subsidiary of the Kuwait Petroleum Corporation (KPC), are to form an equal share global petrochemicals company. The joint venture (JV), to be headquartered in the US, will manufacture and market polyethylene, ethylenamines, ethanolamines, polypropylene and polycarbonate. The JV is expected to have revenues of more than $11bn and employ more than 5,000 people worldwide.
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Jonathan Sheikh-Miller, Deputy EditorSaturday, December 15 - 2007 at 08:38 UAE local time (GMT+4)
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