Dow's Board of Directors Approves Investment of $6.5 Billion for Path2Zero Project
Dow announced that its board of directors has approved an investment of $6.5 billion to increase capacity at the company's Fort Saskatchewan, Alberta, Canada, site. This investment will update the facility to be in line with the company’s Path2Zero project. Dow aims to build the world's first net-zero scope 1 and 2 emissions integrated ethylene cracker and derivatives facility.
The project includes building a new ethylene cracker and increasing polyethylene capacity by two million metric tons per year (MTA) as well as retrofitting the site's existing cracker to net-zero scope 1 and 2 emissions. The investment is expected to deliver $1 billion of EBITDA growth per year at full run rates over the economic cycle while decarbonizing 20% of Dow's global ethylene capacity.