Dow exits a PP venture with Tosco. (Your Business in Brief).Dow Plastics, Midland, Mich., has opted out of its polypropylene polypropylene (pŏl'ēprō`pəlēn), plastic noted for its light weight, being less dense than water; it is a polymer of propylene. It resists moisture, oils, and solvents. joint venture with oil refiner Tosco, which is now a subsidiary of Phillips Petroleum, Through its acquisition of Union Carbide Union Carbide Corporation (Union Carbide) is one of the oldest chemical and polymers companies in the United States, and currently has more than 3,800 employees. , Dow acquired Carbide's share of a new 770-million-lb/yr PP plant in Linden Linden, city, United States Linden, city (1990 pop. 36,701), Union co., NE N.J., in the New York metropolitan area; inc. 1925. During the first half of the 20th cent. , N.J. Phillips postponed the plant's start-up from late 2001 to about mid-year 2002. It is now Phillips' only chemical activity that is not part of Chevron-Phillips Chemical. |
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