Dow Sees New Clean Production Fueling Growth
October 06 2021 - 7:16AM
Dow Jones News
By Matt Grossman
Dow Inc. expects planned investments to add more than $3 billion
of earnings before interest, taxes, depreciation and amortization
to its results, including projects to produce its chemical products
with lower emissions.
The Midland, Mich.-based company said that near-term capital and
growth investments would generate about $2 billion of higher
Ebitda, while a new complex for ethylene and derivatives, set to
produce net zero carbon emissions, would deliver about $1 billion
of Ebitda a year by 2030.
Dow has capital projects planned across its packaging and
plastics, industrial intermediates and infrastructure and
performance materials and coatings segments, the company said.
Other projects such as internal digitization will likely add $300
million of Ebitda by 2025, Dow forecast.
The new net-zero emission ethylene facility, as well as changes
at an existing facility, will decarbonize about 20% of Dow's
ethylene capacity, the company said. Dow said it plans to spend
about $1 billion annually to decarbonize its global assets.
Write to Matt Grossman at matt.grossman@wsj.com
(END) Dow Jones Newswires
October 06, 2021 07:01 ET (11:01 GMT)
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