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World News and Views :: Top of the News

December 13, 2007

Dow and Kuwait Petroleum to Form Petrochemicals JV

Kerri Walsh

Dow Chemical says it plans to form a 50-50 petrochemical joint venture with Kuwait Petroleum’s Petrochemical Industries Company (PIC; Kuwait City) subsidiary. PIC will pay about $9.5 billion pretax for a 50% stake in Dow’s polyethylene (PE), ethylene...

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