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JV of Dow Chemical and Mitsui & Co to take all regulatory hurdles

November 11/2011

(PlastEurope) -- The 50:50 biopolymers joint venture of Dow Chemical and Mitsui & Co, for which a memorandum of understanding was signed in July 2011, has taken all regulatory hurdles. The deal sees Mitsui taking a 50% interest in Dows sugarcane-to-ethanol plant in Santa Vitoria, Minas Gerais / Brazil that will provide renewable feedstock for the plastics.

Dow said engineering work on the Brazilian facility, along with equipment manufacture, accelerated in the third quarter of 2011 and is proceeding according to schedule. Start-up is scheduled for the second quarter of 2013.

Perspectives of development of polymer markets, pricing issues and other important aspects will be discussed at The Polymers Summit-2011, which will be held in Moscow on November 30, 2011 at the Ritz Carlton Hotel. The Summit will be organized by MRC with the support of ICIS. The main idea of the Summit is to find a "the golden mean" between producers and converters. When producers receive exactly such margin of production, which helps them to invest in production expansion in order to substitute polymers imports, and the converters receive such price of feedstock that helps them to compete imported finished products. The Summit site gives an access to the live video of the Summit, speakers" presentations, as well as opportunities to ask questions or make appointments to any Summit partcipant.

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