Dow signs LOI take part in Skolkovo project in Russia

Dow signs LOI to take part in Skolkovo project in Russia

11:03 AM, 18th June 2011
Dow signs LOI to take part in Skolkovo project in Russia

ST PETERSBURG, RUSSIA: The Skolkovo Foundation and Dow Europe GmbH, wholly owned subsidiary of Dow Chemical Company, have signed a letter of intent to define steps for Dow’s participation in the Skolkovo project, which aims to become a science and technology complex in Russia for the development and commercialization of innovative technologies.

Both parties acknowledged that Dow’s efforts will be focusing on energy and infrastructure, aligned with and supporting the Skolkovo energy efficiency programme.

“Our goal is to expand business opportunities and to support Russia’s modernization agenda - with our existing state of the art facilities, innovative products and technologies and reliable partnerships that help to address key national priorities in Russia. Working with Skolkovo Foundation and the country’s top academic institutions gives Dow a broader access to Russia’s best talents and scientific minds and creates numerous opportunities for the country,” stated Kostas Katsoglou, President, Eastern Europe Growth Region, Dow.

“This agreement is of particular significance for the Skolkovo Foundation for a number of reasons. As a global leader in the chemical industry and a science-driven company, Dow will be an important partner in supporting and driving forward the Skolkovo energy efficiency programme,” commented Viktor Vekselberg, President of the Skolkovo Foundation.

© WOC News




Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News

Dr Reddy’s Mexico facility receives warning letter from US FDA

  HYDERABAD, INDIA: Dr Reddy’s Laboratories Ltd said that Industrias Quimicas Falcon de Mexico SA de C V (Dr Reddy’s chemical manufa ...

Read more
Shaw closes $ 1.45 billion unsecured, 5-year credit facility

BATON ROUGE, US: The Shaw Group Inc has amended and expanded its credit agreement to a $ 1.45 billion unsecured, five-year credit facility. The entire ...

Read more
Gevo, Redfield Energy form JV for ethanol-to-isobutanol retrofit

The joint venture brings company closer to achieving 2015 production goal of 350 MGPY of isobutanol. ENGLEWOOD, US: Gevo Inc has entered into a joint ...

Read more
Ethanol industry criticizes Coburn

WASHINGTON DC, US: The ethanol industry is criticizing Senator Tom Coburn’s (R-OK) amendment to eliminate the Volumetric Ethanol Excise Tax Cred ...

Read more
BASF crop protection pipeline value touches € 2.4 billion

LUDWIGSHAFEN, GERMANY: The value of the BASF Crop Protection pipeline jumped to € 2.4 billion, an increase of € 200 million compared to 20 ...

Read more
Westlake to increase ethylene capacity in US

HOUSTON, US: Westlake Chemical Corporation  announced an expansion programme to increase the ethane-based ethylene capacity at Lake Charles, LA. ...

Read more uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X