Regions :: Middle East :: Kuwait
Dow Ready to Pursue Legal Action Against Kuwait, Seeks Alternative JV Partners
7:50 AM MDT | May 24, 2012 | Kara Sissell
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 parties about possible joint ventures with Dow for the basic plastics businesses. The K-Dow joint venture agreement, which included plans for Kuwait’s PIC to take a 50% stake in Dow’s polyethylene, ethylene, ethanolamines, polypropylene, and polycarbonate businesses collapsed late last month...
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