Dow has reached a final investment decision (FID) to proceed with its US alkoxylates capacity expansion, its CEO said on Thursday.
“This US Gulf Coast unit is expected to start up by the end of 2021. Furthermore, we recently signed a 10-year supply agreement with a key customer securing the baseload volume for this facility, representing $900m of new revenue over the life of the contract,” said Dow CEO Jim Fitterling, on the company’s Q3 earnings conference call.
The expansion will support Dow customers’ growth in infrastructure, and home and personal care end markets, he noted.
Planned capacity of the unit was not disclosed.
The flexible alkoxylation project was listed among Dow’s growth projects during its pre-spin roadshow in March 2019 with a planned start-up in the first half of 2020.
By Joseph Chang
Source: ICIS News
The US State of New York is introducing two new bills to combat over-packaging, poor recycling rates and litter issues, including an Extended Producer Responsibility (EPR) program requiring companies such as McDonald’s and Amazon to pay for the cost of packaging disposal and recycling.
The new organization’s mission is to redesign the critical steps of the plastics sorting and recycling system for post-consumer lightweight packaging (LWP) to speed up circularity, born from a need to meet the rising market demand for high-quality recyclates for use in high-end plastic applications.
Starbucks and Hubbub have launched a £1 million (US$1.22 million) “Bring It Back Fund” to increase the uptake of reusable packaging in the F&B industry. The funding will go toward innovative ideas that make it easier for customers to use alternatives to single-use packaging by supporting pilot projects that help shift consumption habits.