Solution to feedstock costs

About K-Dow Petrochemicals Dow and Petrochemical Industries Company (PIC) of Kuwait have announced plans to form a 50/50 joint venture that will create a market-leading petrochemicals company to be known as K-Dow Petrochemicals.The global joint venture, to be headquartered in southeast Michigan, will manufacture and market polyethylene, ethyleneamines, ethanolamines, polypropylene, and polycarbonate as well as related licensing and catalyst technologies. The JV is expected to have revenues of approximately $14 billion (pro forma) and approximately 5,000 employees around the world. The transaction is subject to the completion of definitive agreements, customary conditions and regulatory approvals, and is anticipated to close in the fourth quarter of 2008.
Lots of details at www.dow.com