25 June 2014
Details
This significant investment in
Dow’s Texas Operations in Freeport
remains on track and on-plan
for start-up in the first half of 2017,
and will employ up to 2,000 workers
during construction.
Andrew N. Liveris,
Chairman and Chief Executive Officer
“This world-scale ethylene facility is
a foundational element in
Dow’s strategy to utilize
low-cost and advantaged shale gas feedstocks
to enable growth in
key value-add market-driven businesses,”
“Collectively, Dow’s U.S. Gulf Coast investments
serve as an integral component of
our global growth strategy, where we are leveraging
our first-mover advantage
to deliver significant shareholder value,
enabling the Company to achieve
our near-term $10 billion EBITDA goal and beyond.”
With a nameplate capacity of
approximately 1500 KTA,
Dow’s new ethylene production facility
is part of a multi-billion dollar investment.
Alongside previously
announced plastics and elastomers facilities,
this will support
market growth and expansions of Dow’s industry
leading-leading Performance Plastics franchise that
includes:
Next Generation NORDEL™ metallocene EPDM
to serve the consumer durables, automotive and
electrical cable markets.
(Capacity: 200 KTA)
High Melt Index Specialty Elastomers
used in hot melt adhesives
for high performance flexible packaging, and
hygiene and medical markets.
(Capacity: 320 KTA)
ELITE™ Enhanced Polyethylene
for high performance flexible packaging and
hygiene & medical markets.
(Capacity: 400 KTA)
New specialty low density polyethylene
for protective packaging and
power transmission markets.
(Capacity: 350 KTA)
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