The Dow Chemical Company 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.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Posted In: News
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in