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Dow in global joint venture moves
Russia and Thailand to see US group raising its involvement.
29 November 2007 – US chemical and plastics giant Dow is planning major new investments in conjunction with Russian and Thai partners, it has emerged this week. In Moscow, Dow CEO Andrew Liveris signed a memorandum of understanding with Gazprom and Sibur on expansion of Dow’s petrochemical production in Germany as well as joint development of natural gas processing of the Valangin deposits in Yamalo-Nenets. The partners will also evaluate processing of the gas deposits in a world scale petrochemical complex in the Russian federation. The partnership would combine the world’s largest gas company and Russia’s biggest vertically integrated petrochemical company with the $49bn turnover Dow group. By Rajesh Kumar, Section Business Posted on Wed Nov 28, 2007 at 06:07:25 AM EST
Meanwhile in Bangkok, Siam Cement has told the country’s stock exchange that it has agreed with Dow Chemical to build a $315m petrochemical plant. The project will include a 350,000tpa LLDPE plant which is expected to start up in 2010.
The plant will be supplied with feedstock from another joint venture between the Thai company and Dow which was established in 2005. http://www.prw.com/homePBP_NADetail_UP.aspx?ID_Site=818&ID_Article=24007&mode=1&curpage= 0
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