B · Normal
[Dow Chemical weighs withdrawing from US$20 billion Saudi chemical joint venture project, Saudi Aramco may become the takeover] On September 9, people familiar with the matter revealed that Dow Chemical is considering withdrawing from the US$20 billion chemical joint venture jointly established with Saudi Aramco and worth up to US$20 billion. The move is part of the U.S. company's efforts to accelerate the optimization and adjustment of its asset portfolio in response to the long-term downturn in the industry. Saudi Aramco may take this opportunity to acquire Dow's shares to further increase its controlling stake in the project.
Comments