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Dow to participate in the Skolkovo project

June 16/2011

(Dow) -- The Skolkovo Foundation and The Dow Chemical Company through its wholly owned subsidiary Dow Europe GmbH have signed a letter of intent to define steps for Dow's participation in the Skolkovo project, which aims to become a science and technology complex in Russia for the development and commercialization of innovative technologies. The document was signed at the Saint Petersburg International Economic Forum by Viktor Vekselberg, President of the Skolkovo Foundation, and Kostas Katsoglou, President of Dow in the Eastern Europe Growth Region.

Both parties acknowledged that Dow's efforts will be focusing on energy and infrastructure, aligned with and supporting the Skolkovo energy efficiency program.

This agreement is of particular significance for the Skolkovo Foundation for a number of reasons. As a global leader in the chemical industry and a science-driven company, Dow will be an important partner in supporting and driving forward the Skolkovo energy efficiency program, commented Viktor Vekselberg, President of the Skolkovo Foundation.

"Dow constantly seeks opportunities to partner with academic institutions, public laboratories, top customers, value chain partners, as this combination is the most powerful to timely deliver innovation. The Skolkovo project is poised to provide an attractive environment for the above and we are confident this will benefit both - the Russian economy and competitiveness as well as Dow, commented Ernesto Occhiello, R&D Director, Dow Europe.

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