Dow Chemical Restarts St. Charles Olefins Plant
The Dow Chemical Company (NYSE: DOW) today announced that the Company's St. Charles Olefins 2 Plant near Hahnville, La. began producing on-spec ethylene on December 25, 2012, meeting previously announced targets to re-start the plant by year-end 2012.
This milestone is part of Dow's comprehensive investment plan to further connect its U.S. operations with cost-advantaged feedstocks from increasing supplies of U.S. shale gas and deliver long-term competitive advantage for Dow's downstream businesses. Plans to increase ethylene and propylene supply and ethane cracking capabilities at existing U.S. Gulf Coast facilities strengthen the competitiveness of Dow's Performance Plastics, Performance Products and Advanced Materials businesses and enable profitable growth in the Americas.
The St. Charles plant, which was idled in January 2009, is expected to deliver a $150 million increase in EBITDA in 2013.
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