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Dow will build the world's first net-zero carbon ethylene facility
On October 6, Dow announced plans to build the world's first net-zero carbon ethylene facility
.
The project will more than triple ethylene and polyethylene capacity at Dow's plant in Fort Saskatchewan, Alberta, Canada, and decarbonize 20 percent of its global ethylene capacity, while increasing polyethylene supply by about 15 percent
.
Dow expects to allocate about $1 billion annually in capital expenditures to decarbonize
its global sites in a phased, site-by-site manner.
By 2030, the new ethylene cracker will add approximately 1.
8 million mt/year of capacity in phases, which, together with derivatives capacity and site improvement investments, will enable the company to produce and supply approximately 3.
2 million mt/year of certified zero-carbon polyethylene and ethylene derivatives
.
Short-term capital and operational growth investments are expected to generate approximately $2 billion in additional EBITDA, and new net-zero carbon ethylene and derivatives complexes are expected to provide approximately $1 billion in annual EBITDA
by 2030.
