27 August 2013 21:25 [Source: ICIS news]
HOUSTON (ICIS)--Dow Chemical has selected sites in ?xml:namespace>
Construction on the projects is expected to begin soon, and the capacity increases should generate about $2.5bn (€1.9bn) in earnings before interest, tax, depreciation and amortisation (EBITDA), the company said.
Dow has decided to expand its high melt index (HMI) Affinity brand polymer franchise at its site in
The company also will expand its Elite polymer franchise, which Dow said delivers enhanced durability and flexibility for food packaging, hygiene and medical applications, and industrial and consumer packaging markets.
Texas Governor Rick Perry said the
Also, Dow plans to expand its low density polyethylene (LDPE) family of polymers such as Agility for applications in flexible food packaging.
Dow is investing about $1bn and creating 71 new direct jobs with the Plaquemine expansions, Louisiana Governor Bobby Jindal said. Construction on the plants should begin by the end of 2013, with completion of the entire Plaquemine expansion project expected near the end of 2016, the governor added.
Specific nameplate numbers in regard to the capacity increases from the Texas and Louisiana projects were not disclosed.
“Dow Performance Plastics is the world’s leading plastics franchise, and with these expansions Dow will be able to further leverage our cost-advantaged position and [research and development] expertise to deliver leading edge technology that provides a competitive benefit to our customers in many of our most strategic markets,” said Jim Fitterling, executive vice president for Dow. “Our history on the US Gulf coast reaches back more than 70 years, and we’re proud to continue our commitment to this important region with these strategic and accretive investments."
In March, Dow announced it was scouting locations for the expansions and had begun front end engineering and design (FEED).
Dow has committed to spending $4bn on the
($1 = €0.75)
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