Joint Venture Partners
In July 2004, The Dow Chemical Company (Dow) of the United States sold a 50 percent interest in its three Canadian ethylene glycol assets to Petrochemical Industries Company (PIC) of Kuwait. The two companies then placed their respective interests into the 50:50 joint venture, MEGlobal, a company solely focused on the production, sales and marketing of ethylene glycol.
About The Dow Chemical Company
With annual sales of $54 billion and 46,000 employees worldwide, Dow is a diversified chemical company that combines the power of science and technology with the “ Human Element ” to constantly improve what is essential to human progress. The Company delivers a broad range of products and services to customers in around 160 countries, connecting chemistry and innovation with the principles of sustainability to help provide everything from fresh water, food and pharmaceuticals to paints, packaging and personal care products. References to "Dow" or the “Company” mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted.
Dow people around the world develop solutions for society based on Dow's inherent strength in science and technology. For over a decade, we have embraced and advocated Responsible Care® - a voluntary industry-wide commitment to safely handle our chemicals from inception in the laboratory to ultimate disposal. This worldwide commitment helps consumers lead better lives, customers succeed, stockholders prosper, employees achieve and communities thrive.
For more information, visit www.dow.com
About Petrochemical Industries Company
PIC is one of six specialized subsidiaries of the state-owned Kuwait Petroleum Corporation (KPC). PIC represents the petrochemical arm of KPC and produces fertilizer and petrochemicals. PIC has invested in the modernization of its fertilizer complex in Kuwait and expects to reach one million ton per annum of granular urea production. PIC also runs a 100,000 tonne per annum polypropylene plant through an arrangement with EQUATE Petrochemical Company.
PIC is committed to carrying out its operations in accordance with best industry practice and to ensuring that its facilities comply with highest safety and environmental standards.
For more information, visit www.pic.com.kw