Doe Chemical Company. (Marketing News).

The Dow Chemical Company, Danbury, Conn., has reached an agreement with Archer Daniels Midland, Decatur, Ill., to dissolve the parties' World Ethanol joint venture effective December 31, 2002. The joint venture was established in April 1983 between Union Carbide and ADM and combined Union Carbide's access to and knowledge of the industrial ethanol market with ADM's fermentation ethanol production capabilities. Dow and ADM agree to dissolve the joint venture in order to allow each party to pursue ethanol business opportunities separately.