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
During a European Industry Summit held on the site of BASF in Antwerp, leaders from basic industry sectors, representing 7.8 million workers in Europe, joined forces with European trade unions and European leaders to address pressing concerns regarding Europe’s industrial landscape.
The use of blue or low-carbon hydrogen, made from natural gas with carbon capture and storage (CCS), could increase near-term global warming by 50% compared with burning fossil fuels directly for energy if emissions are not properly managed, according to a new study by NGO the US Environmental Defense Fund (EDF) and the University of Arizona.
In a move to improve the supply of renewable hydrogen and thus reduce dependence on natural gas and contribute to achieving the objectives of the European Green Deal and the REPowerEU plan, the EU Commission has approved a third Important project of common European interest (IPCEI) to support hydrogen infrastructure.