The Dow Chemical Company (NYSE: DOW) along with King Abdullah University of Science and Technology (KAUST) plan to build on their current partnership by establishing the Dow Middle East R&D Center at the University's Research Park and Innovation Cluster.
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Initial research at the R&D Center will focus on water and water treatment technologies and will eventually expand to the oil and gas industry. These activities are all aligned with existing KAUST Research Centers.
About Dow
With sales of $58B in 2008 and 46,000 employees worldwide, Dow is a diversified chemical company that combines the power of science and technology with the "Human Element" to constantly improve what is essential to human progress. The Company delivers a broad range of products and services to customers in around 160 countries, connecting chemistry and innovation with the principles of sustainability to help provide everything from fresh water, food and pharmaceuticals to paints, packaging and personal care products. On April 1, 2009, Dow acquired Rohm and Haas Company, a global specialty materials company with sales of $10 billion in 2008 and 15,000 employees worldwide. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted.
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