Dow and BASF Progress with Commercialization of HPPO Technology

Project at Antwerp On-track; Future HPPO Project Opportunities in Asia Studied

26-Oct-2005

The Dow Chemical Company and BASFreport that their cooperative efforts to commercialize the jointly-developed HPPO (hydrogen peroxide route to propylene oxide) technology are progressing as anticipated. Construction of the first world-scale plant utilizing the new technology is on-track to begin in 2006, with startup expected in 2008. The future plant will have an annual capacity of 300 kilotons (KT) and will be located at BASF's site near Antwerp, Belgium.

With the completion of the joint development efforts, the HPPO technology is now available to both parties for joint or individual future investment opportunities.

Dow also indicated that it is studying its options for a world-scale addition of propylene glycols (PG) capacity in Europe for 2007. A decision based on the outcome of this study is expected to be available in 2006.

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