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May 11, 2015
By: Kerry Pianoforte
Editor, Coatings World
The Dow Chemical Company has closed on the acquisition of ExxonMobil Chemical Company’s ownership share of Univation Technologies previously a 50/50 joint venture with Dow. In October 2014, Dow and ExxonMobil announced jointly the signing of a definitive agreement to restructure the ownership of Univation Technologies. This transaction was a collaborative decision between Dow and ExxonMobil and aligns to Dow’s strategic focus on investing in businesses with strong competitive positions in attractive markets. Univation Technologies is the licensor of UNIPOL PE Process Technology and one of the leaders in the development, manufacture and sales of PE catalysts for the UNIPOL PE Process. Univation Technologies will continue to license its UNIPOL PE Process Technology, including swing capability for linear low density polyethylene and high density polyethylene. Additionally, Univation Technologies will continue to develop and supply all catalysts, including: UCAT Conventional, ACCLAIM Advanced Unimodal, XCAT Metallocene and PRODIGY Bimodal Catalysts. Univation Technologies will operate as a wholly-owned subsidiary of Dow, led by President Steve Stanley. Univation Technologies will continue to be based in Houston, Texas.
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