Dow Signs HPPO Joint Venture Agreement with BASF

10-Mar-2006 - Belgium

The Dow Chemical Company announced that it has signed a joint venture agreement with BASF to construct a new propylene oxide manufacturing facility using the recently co-developed hydrogen peroxide route to propylene oxide (HPPO) technology. Construction of the new 300,000 MT plant will begin this year with startup planned in early 2008. Financial terms of the transaction were not disclosed.

The joint venture will build and operate the commercial-scale HPPO plant in Antwerp Belgium. A separate joint venture company will own and further develop the HPPO (hydrogen peroxide route to propylene oxide) technology. The two companies will have equal off-take rights to the PO produced by the Antwerp plant.

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