Dow, Thai minister discuss investment - reports

15 June 2007 18:00 [Source: ICIS news]

HOUSTON (ICIS news)--Dow Chemical met with a Thai official this week to discuss the company's plans to invest up $2bn (€1.5bn) in five petrochemical plants, media reports said on Friday.

Dow was one of 10 US companies that sent representatives to meet with Kosit Panpiemras, Thailand deputy prime minister and industry minister, reports said. Dow plans to seek approval from its board of directors in regards to the projects in October, reports said.

Dow spokesman Chris Huntley said the reports were connected to the company's proposed projects that it announced in October.

A hydrogen peroxide to propylene oxide (HPPO) plant will be built based on joint technology with BASF, Dow said, adding that the project will include units to produce PO derivatives such as propylene glycol (PG), polyurethanes (PU) and glycol ethers.

The company also said that it will expand the existing higher alpha olefins polyethylene (PE) joint venture with Siam Cement using Dow’s technology to produce specialty polyolefins.

Huntley said the company would not comment beyond what was stated in the October news release.

($1 = €0.75)
By: Al Greenwood
+1 713 525 2653

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