31 January 2013 16:47 [Source: ICIS news]
“We expect to announce this very, very shortly as well as the total capital cost of the project,” said Chairman, President and CEO Andrew Liveris on the company’s Q4 conference call.
Dow is building a 1.5m tonne/year cracker in
In December 2012 at Dow’s investor day meeting, Dow Chief Financial Officer Bill Weideman said that 1.1m tonnes of the ethylene capacity at the cracker would be for the company’s high-value derivatives, and that it was looking for partners to take the rest.
At the meeting, Liveris also noted that major off-take agreements could involve a capital contribution up front from the buyers of the ethylene.
Dow expects its US Gulf coast investments, including the start-up of its 380,000 tonne/year St. Charles, Louisiana, cracker in December 2012; a 750,000 tonne/year propane dehydrogenation (PDH) facility in Freeport by 2015; and an ethane conversion at its Plaquemine, Louisiana, cracker by 2015 to generate $2bn (€1.5bn) in earnings before interest, tax, depreciation and amortisation (EBITDA) by 2017.
($1 = €0.74)
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