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K-Dow Partnership Cancelled

Monday, February 2, 2009

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The Dow Chemical Company (Midland, MI) has announced that the Kuwait Petroleum Corporation (KPC) and its subsidiary, Petrochemicals Industries Company (PIC), notified Dow of the Kuwait Supreme Petroleum Council’s (SPC) decision to reverse its prior approval of an agreement between the American and Kuwaiti companies. The SPC had initially okayed a Dow-PIC joint venture, K-Dow Petrochemicals.

 

Dow manufactures products for the coatings, pharmaceutical, personal care, and other industries. Headquartered in Kuwait, PIC makes ammonia, polypropylene, and urea for a variety of applications.

   

Tagged categories: Dow Chemical Company

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