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The Dow Chemical Company is an American multinational corporation headquartered in Midland, Michigan, United States. The company was among the three largest chemical producers in the world in 2021. [2] It is the operating subsidiary of Dow Inc., a publicly traded holding company incorporated under Delaware law.
The Michigan Limestone and Chemical Company, founded in 1910, began operation in 1912. Purchased by Carl D. Bradley and the United States Steel Corporation in 1920, the company came under the ownership of U.S. Steel upon Bradley's death in 1928. In 1951 the company became a division of the corporation.
The American Chemistry Council estimated that global chemical sales in 2014 rose by 3.7% to US$5,389,000,000,000. [3] In 2018, Forty-eight of the companies on the list disclosed chemical profits, which totaled US$110,100,000,000, an increase of 1.3% from 2017. The average profit margin for chemical operations for these companies was 9.6%. [1]
Process engineering is the understanding and application of the fundamental principles and laws of nature that allow humans to transform raw material and energy into products that are useful to society, at an industrial level. [1] By taking advantage of the driving forces of nature such as pressure, temperature and concentration gradients, as ...
A chemical plant is an industrial process plant that manufactures (or otherwise processes) chemicals, usually on a large scale. [1] The general objective of a chemical plant is to create new material wealth via the chemical or biological transformation and or separation of materials. [2] Chemical plants use specialized equipment, units, and ...
Chemical engineering is an engineering field which deals with the study of the operation and design of chemical plants as well as methods of improving production. Chemical engineers develop economical commercial processes to convert raw materials into useful products. Chemical engineering uses principles of chemistry, physics, mathematics ...
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