Dow Enters Into Joint Research Agreement With Mitsui Chemicals, Inc.

Dow Enters Into Joint Research Agreement With Mitsui Chemicals, Inc.
Companies coordinate R&D to advance catalytic block technology

Chicago, IL - June 20, 2006

The Dow Chemical Company today announced that it has entered into a joint research agreement with Mitsui Chemicals, Inc. to further the development of catalyst systems for the production of olefin block copolymers. The agreement will bring Dow’s novel invention, process understanding and materials expertise of the recently announced olefin block copolymers technology together with Mitsui’s rich catalysis know-how.

“This agreement supports Dow’s commitment to developing and expanding the platform of olefin block copolymers,” said Kurt Swogger, vice president of R&D for the performance plastics and chemicals portfolio of The Dow Chemical Company. “We look forward to collaborating with Mitsui to expand the potential of this class of products and create exciting new opportunities for Dow and Mitsui customers.”

Nobutaka Kuwabara, managing director and Functional Polymeric Materials Business Group President of MCI, said, “It is very significant to utilize our Mitsui catalysis technology to carry out the further development of OBC. Moreover, we also hope Mitsui and Dow will provide new solutions to our customers’ needs through the development of OBC.”

About Mitsui Chemicals, Inc.

Headquartered in Tokyo, Japan, Mitsui Chemicals, Inc. is a diversified chemical company with offices in Europe, China, Singapore and America. A worldwide leader in the chemical industry, the company is actively engaged in numerous industry segments including Functional Chemicals and Engineering Materials, Functional Polymer Materials, Basic Chemicals and Petrochemicals. For more information on Mitsui Chemicals, Inc., visit the corporate website at www.mitsui-chem.co.jp.

About The Dow Chemical Company

Dow is a diversified chemical company that harnesses the power of science and technology to improve living daily. The Company offers a broad range of innovative products and services to customers in more than 175 countries, helping them to provide everything from fresh water, food and pharmaceuticals to paints, packaging and personal care products. Built on a commitment to its principles of sustainability, Dow has annual sales of $46 billion and employs 42,000 people worldwide. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted.

For Editorial Information:

Nancy Lamb
The Dow Chemical Company
(989) 638-7251

Jonathan Gosberg
Porter Novelli
(212) 601-8369
jonathan.gosberg@porternovelli.com


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