(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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