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
Trinseo (NYSE: TSE), a specialty material solutions provider, announced it has initiated an information and consultation process with the Works Council of Trinseo Deutschland GmbH regarding the potential closure of its styrene monomer production site in Boehlen, Germany.
H.B. Fuller Company announced that Celeste Mastin, Executive Vice President and Chief Operating Officer, will succeed Jim Owens as H.B. Fuller’s President and Chief Executive Officer, effective December 4, 2022. Upon assuming the role, Mastin will also join the Company’s Board of Directors, replacing Owens, who will be retiring.
New LyondellBasell CEO Peter Vanacker, who joined the company from Neste in May, today named his senior executive team and outlined organizational changes, including creation of a circular and low-carbon solutions business. All changes will be effective 1 October.
