Dow and Petrochemical Industries Company of Kuwait Announce Global Petrochemicals Joint Venture
Midland, MI, USA and Kuwait City, Kuwait - December 13, 2007 - The Dow Chemical Company (Dow) and Petrochemical Industries Company (PIC) of the State of Kuwait, a wholly owned subsidiary of Kuwait Petroleum Corporation (KPC), today announced plans to form a 50/50 joint venture that will be a market-leading, global petrochemicals company.
"We're creating a petrochemicals company that will be a global leader from its first day of operation, an $11 billion company that is well positioned to grow profitably across the industry cycle," said Andrew N. Liveris, Dow Chairman and CEO. "For Dow, this marks an important milestone in our transformational strategy: growing our Basics businesses through joint ventures; reducing our capital intensity; and, freeing up cash to invest in our portfolio of Performance and Market Facing businesses."
The joint venture, to be headquartered in the United States, will manufacture and market polyethylene, ethyleneamines, ethanolamines, polypropylene, and polycarbonate. The JV is expected to have revenues of more than $11 billion (pro forma) and employ more than 5,000 people worldwide. Read More . . .
2007 Website Articles
COVID-19 and Wildfire Updates and Information
CICC FOUNDERS & PIONEERS
The Early Years - Incorp. 1981
Teleconference & Web-Mtgs
1st and 3rd Fridays each month
Members In the Spotlight
"Caught in the Act of Doing Good"
PRIORITY LEGS & REGS
Weekly Sacramento Updates 2020
2019 CICC Advocacy Issue Briefs
Principles that Guide CICC Legislative & Regulatory Activity
LEG INFO & STATUS
Members, Rules, Glossary of Terms, Calendar, How a Bill Becomes Law
Session Dates and Deadlines
Official CA Legislative Info
Search by Bill No, Author or Key Word
Today In the Capitol Building
Committee Mtgs & Floor Sessions
Search 29 Separate Codes
Essential Links to State & Federal Websites
Governor, CA Legislature, Cal/EPA, Congress, U.S. EPA - and more
SAFETY / SECURITY & TRAINING
DTSC Workshop on PFASs and their Alternatives in Food Packaging
Jan. 14th, 2020
Homeland Security Information Network (HSIN)
Members must login to view links
CUPA NEWS & ANNOUNCEMENTS
CARB- April30 Workshop Slides
Workshop - April 30th - 9:30am
CUPA Forum 2020 CICC Summary
Hazardous Materials Business Plan - Presentation
IN THE NEWS!
California Challenges & Opportunities
Prior Months News Stories, Issues & Items, Flash and more ---
News, Weather & more
Today's News From MSNBC