Issue Date: July 11, 2006
Dow, BASF Pursue Joint Ventures
The world's two largest chemical companies are separately embarking on projects that will increase their presence in two fast-growing regions for chemical production.
Dow Chemical has been picked by Saudi Arabian Oil Co. (Saudi Aramco) as its partner in a potential joint venture to build and operate a chemicals and plastics complex at Ras Tanura, in Saudi Arabia's eastern province.
Meanwhile, Germany's BASF and China Petroleum & Chemical Corp., or
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