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Dow Holds JV Talks with IPIC, Aramco; Plans to Quit Optimal?

4:44 PM MDT | May 28, 2009 | Natasha Alperowicz

Speculation is mounting over which potential partners could replace Petrochemical Industries Co. (PIC; Safat, Kuwait) in K-Dow, a proposed 50-50 joint venture with Dow Chemical that collapsed late last year. A dialogue between Dow and PIC continues, and Dow is in “parallel negotiations with two other state-owned resource owners on an equivalent basis for the similar scope of the K-Dow venture,” Dow CEO Andrew Liveris told investors and analysts recently. K-Dow, as originally conceived, will not go ahead despite Mideast reports that the jv may be...

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