Clayton-Olin and Mitsui Co.have agreed to enter into a memorandum of understanding to establish a joint venture that would be an independent global buyer,supplier and marketer of electrochemical unit(ECU)-based derivatives.The partnership would initially focus on globally traded caustic soda and ethylene dichloride with potential future expansion into other ECU derivatives and related products.The joint venture is expected to be finalized later this year,subject to agreement of definitive terms and applicable regulatory approvals.
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