8 November 2011
The joint venture partners
The Dow Chemical Company (DOW) and Mitsui & Co.,Ltd.
completed the formation of a 50 : 50 joint venture
in Brazil,
making Mitsui a 50 % equity interest partner in
Dow's operation in Santa Vitoria, Minas Gerais , Brazil
The initial scope of the joint venture includes
* the production of sugar cane-derived ethanol for use
as a renewable feedstock source
* bringing new biomass-based feedstocks to DOW
* while diversifying the company's raw material streams
from traditional fossil fuels
The close of this transaction follows Dow's previous
announcement of plans to forms the new joint venture
and of the execution of a MOU with Mitsui aimed at
providing innovative and sustainable product solutions
for global flexible packaging, hygiene and medical applications
This represents the world's largest biopolymers play and
Dow's largest investment in Brazil, a country in which
Dow has operated successfully for more than 50 years
DOW
* Joint Venture advances Dow's strategy to grow in
High-value specialty markets and emerging regions
* The formation of this joint venture marks a
historic next step in our drive to bring world leading
technology and sustainable solutions to one of the
fastest-growing regions of the world
* This move advances Dow's strategy and demonstrates
our unwavering commitments to invest for growth
in high-value, innovation-rich sectors through
strategic partnerships
Positive history of partnership
Dow and Mitsui have a positive history of partnership,
having also formed a joint venture on the U.S.Gulf Coast
to build a world-scale chlor-alkali plant,
driving integration advantage for Dow's downstream
businesses and customers
