- Brownfield investment in Fort Saskatchewan, Alberta, will be the world's first net-zero Scope 1 and 2 emissions ethylene and derivatives complex
- Delivers 2 million MTA of organic growth in attractive, high-end markets while decarbonizing 20% of Dow's global ethylene capacity
- $1 billion of EBITDA growth expected at full run rates over the economic cycle; expected to be one of Dow's most cost-competitive sites in the world
- Eliminates 1 million MTA of CO2e by converting hydrogen from cracker off-gas as a clean fuel as well as CO2 capture and storage
- Best-owner mindset leverages additional $2 billion of investment from third-parties for circular hydrogen, CO2 capture, and other infrastructure assets
- Subsidies and incentives from federal, provincial, and local authorities support Dow's targeted returns
MIDLAND, Mich., Nov. 28, 2023 -- Dow (NYSE: DOW) today announced that its board of directors has declared Final Investment Decision on the Company's Fort Saskatchewan Path2Zero investment to build the world's first net-zeroi Scope 1 and 2 emissionsii integrated ethylene cracker and derivatives facility in Alberta, Canada.
Read the full release here
Published Nov 28, 2023 8am EST / 5am PST / 1pm GMT / 2pm CET
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