26 April 2012 19:55 [Source: ICIS news]
HOUSTON (ICIS)--US-based Dow Chemical expects its on-purpose propylene plants will boost margins for several of its segments, its chief executive said on Thursday.
The second PDH plant could be completed in 2018, and Dow still has not announced a site.
Most of the world's propylene is produced as a co-product from oil-based feedstock.
With PDH, Dow CEO Andrew Liveris said margins for the company's coatings and infrastructure segments could expand by 100-200 basis points. Margins for performance materials could expand by 300 basis points.
Liveris made his comments during an earnings conference call.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections