Home / Knowledge / News / Textiles / Dow and Mitsui form JV for Chlor-Alkali Production
Dow and Mitsui form JV for Chlor-Alkali Production
03
Jul '10
The Dow Chemical Company and Mitsui & Co., Ltd., of Tokyo, Japan announced that the two companies have signed a definitive agreement to form a 50:50 manufacturing joint venture to construct, own and operate a new membrane chlor-alkali facility located at Dow's Freeport, Texas, integrated manufacturing complex.

This landmark joint venture combines the strengths of two global companies to build a world-scale chlor-alkali plant on the US Gulf Coast.

The facility will be built using Dow's modern and efficient chlor-alkali technology, and takes the place of the previously announced Chlorine 7 project, which was a Dow-only venture.

"This joint venture with Mitsui is another meaningful example of our strategy in action - enabling us to continue to supply building blocks to our downstream performance businesses at lower cost and with less capital," said Andrew Liveris, Dow chairman and chief executive officer. "Dow's Basic Chemicals business is a world-class manufacturing franchise that delivers unique product and technology integration advantage to our downstream performance and market-driven businesses. This strategic joint venture bolsters our integration strength, while also liberating capital for investment in businesses that are technology- and customer-driven with higher, more consistent earnings."

The new chlor-alkali facility is expected to begin operations in mid-2013, and will have a capacity of approximately 800 kilotons per annum. Dow will operate and maintain the chlor-alkali facility under contract to the joint venture. Construction will begin in the fourth quarter of 2010. The venture will create approximately 50 long-term jobs at the Freeport, Texas, location, as well as approximately 500 construction jobs during the build.

The joint venture's new chlor-alkali production facility will fuel the growing feedstock needs of Dow's performance businesses with cost-advantaged chlorine supply.

More than 70 percent of Dow's chlor-alkali production is used to serve its growing performance and market-driven businesses.

Close of the transaction is expected in the third quarter of 2010, depending upon regulatory approvals and customary closing conditions.

The Dow Chemical Company


Must ReadView All

Bangladesh panel to revise minimum wage for garment workers

Apparel/Garments | On 16th Jan 2018

Bangladesh panel to revise minimum wage for garment workers

The Bangladesh labour and employment ministry recently formed a panel ...

Bruckner to supply dry finishing lines for textile project

Textiles | On 16th Jan 2018

Bruckner to supply dry finishing lines for textile project

Bruckner, a producer of high-tech lines for the dry finishing of...

Courtesy: Carrefour

Apparel/Garments | On 16th Jan 2018

Carrefour signs strategic agreement with Showroomprive

Carrefour, the second largest retail chain in the world, has...

Interviews View All

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

January 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
68.8%
No
13.5%
Skip
17.7%

Total Votes: 96

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.5%
No
29.2%
Skip
7.3%

Total Votes: 96

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.5%
No
9.4%
Skip
3.1%

Total Votes: 96

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.3%
No
8.3%
Skip
9.4%

Total Votes: 96


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search