The Dow Chemical Co. (IW 500/25) announced that next week it will begin construction of its ethylene production facility in Freeport, Texas.
With a nameplate capacity of approximately 1500 KTA, the company’s production facility is part of a multi-billion dollar investment. It is expected to begin production in the first half of 2017, and will employ up to 2,000 workers during construction
“This ethylene facility is a foundational element in Dow’s strategy to utilize low-cost and advantaged shale gas feedstocks to enable growth in key value-add market-driven businesses,” said Andrew N. Liveris, CEO.
"Collectively, Dow’s U.S. Gulf Coast investments serve as an integral component of our global growth strategy, where we are leveraging our first-mover advantage to deliver significant shareholder value, enabling the Company to achieve our near-term $10 billion EBITDA goal and beyond,” Liveris added.
In total, Dow’s U.S. Gulf Coast investments in Texas and Louisiana will employ 5,000 workers during peak construction. The projects announced for the Freeport site represent the majority of those workers, with 4,000 required for construction of multiple feedstocks, derivatives and supporting infrastructure projects.
Dow Texas Operations in Freeport is Dow’s largest integrated manufacturing site worldwide and the largest chemical complex in North America with more than 4,200 employees and 3,800 contractors on site daily.
