13 December 2007 19:39 [Source: ICIS news]
“We have some ethylene chain projects out there that over time will be put in as part of this JV if it works for our partner,” Dow CEO Andrew Liveris told ICIS in an interview.
Dow and PIC announced an $11bn (€7.5bn) joint venture to take advantage of the ?xml:namespace>
To form the separately-run, US-headquartered joint venture, Dow will sell PIC a 50% share in five of its global businesses worth approximately $19bn in exchange for a $9.5bn payment from PIC.
($1.00 = €0.68)
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