Kuwait (56)

KUWAIT

Dow Chemical Wins $2.16-Billion Award in K-Dow Arbitration
The International Court of Arbitration of the International Chamber of Commerce has awarded Dow $2.16 billion in damages in an arbitration case between Dow and Petrochemical Industries Co. of Kuwait (PIC) relating to the collapse of the K-Dow joint venture in late 2008....

Dow Ready to Pursue Legal Action Against Kuwait, Seeks Alternative JV Partners
Dow Chemical says it will pursue legal action against Kuwait’s Petrochemical Industries Company (PIC) after Kuwait’s decision last month to pull out of the $17.4-billion K-Dow joint venture. Dow also says it has been approached by other interested...

Equate Reports Big Increase in Profits, Confirms Husain as New CEO
Equate (Sefat, Kuwait), a joint venture in which Petrochemical Industries Co. (PIC) and Dow Chemical each hold 42.5%, Boubyan Petrochemical Co. 9% and Qurain Petrochemical Industries 6%, reported a 20%...

Kuwait Details Olefins III; Mohammad Hussain to Succeed Al Terkait at Equate
Kuwait’s previously announced Olefins III project is expected to be completed by end 2016, Maha Mulla Hussain, chairperson of Petrochemical Industries Co. (PIC) told CW recently. It will be designed to produce 1.4 million m.t./year of ethylene and less...

DuPont and Israeli Firm Sign Research Agreement
DuPont says it has entered into a strategic research agreement with Rosetta Green (Rehovot, Israel) to identify drought tolerance genes in corn and soybeans. Rosetta Green will use proprietary technology and bioinformatics capabilities to identify microRNAs...

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