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    Home > Chemicals Industry > International Chemical > Issue 14, 2020 - Dow to sell rail assets in six North American petrochemical complexes

    Issue 14, 2020 - Dow to sell rail assets in six North American petrochemical complexes

    • Last Update: 2022-11-11
    • Source: Internet
    • Author: User
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    Dow Co.
    to sell rail assets in six North American petrochemical complexes, Dow Corp.
    (DOW), said July 6 that it has agreed to sell its rail infrastructure assets
    and related equipment in six North American petrochemical complexes and entered into long-term service agreements
    with buyers.
    Watco Corporation will acquire these assets
    for $310 million.
    The transaction is expected to close
    in the fourth quarter of this year.

    While Dow will divest these assets, the company will continue to use them with Watco, as owner and operator
    .

    Dow CEO Jim Fittling said in a statement that the deal was part of a review of Dow's "non-product manufacturing assets" in an effort to grow its core business while freeing up cash to pay down debt
    .







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