Dow and Chevron Phillips Chemical Announce Plans to Form Styrenics Joint Venture in the Americas
The 50-50 joint venture is expected to establish the competitive model for an integrated producer of polystyrene in the Americas. Subject to due diligence, the parties intend to contribute the following assets to the venture. Dow intends to contribute: a styrene monomer plant (Camacari, Brazil) and six polystyrene plants (Gales Ferry, Connecticut; Ironton, Ohio; Joliet, Illinois; Torrance, California; Cartagena, Colombia; and Guaruja, Brazil). Chevron Phillips Chemical intends to contribute a styrene monomer plant (St. James, Louisiana) and a polystyrene plant (Marietta, Ohio).
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