Dow Chemical plans to build multibillion-dollar production complexes in Saudi Arabia and China. The Midland company is entering into pacts with large energy companies in those nations. Dow Chemical has signed an agreement with Saudi Aramco, the world’s largest energy supplier. Negotiations are in the final stage for a joint venture to operate a chemicals and plastics complex in Saudi Arabia’s Eastern Province.

Dow and the Shenhua Group of China are to sign a cooperation agreement. The deal is for a two-year feasibility study for building a coal-to-chemicals complex in China. CEO Andrew Liveris won’t say how much money Dow plans to spend on the two projects. On the Net:

The Dow Chemical Co.: http://www.dow.com/

Saudi Aramco: http://www.saudiaramco.com/

Find More Other News : Exploration, Mine Trade & Market, Mining Top News