Dow Mideast Venture Called Off

The Dow Chemical Company, which owns Indianapolis-based Dow Agrosciences, has announced the cancellation of a joint venture in Kuwait, reports Inside INdiana Business.

The company says it has been informed by the Kuwait Supreme Petroleum Council that the council has reversed its decision to approve K-Dow Petrochemicals. The new company would have been a 50-50 joint venture with Petrochemicals Industries Company.