US Chemical Giant in Talks to Build US$3b Plant in China

To boost its annual sales in China by 20 percent this year and in coming years, top US chemical maker Dow is reportedly in talks with unspecified Chinese partners to build a US$3 billion plant in China to tap feverish demand. The complex would be able to produce over 1 million tons a year of ethylene - the building block for most chemicals - and would be the country’s second-largest when completed.