24 September 2013 02:48 [Source: ICIS news]
LAS VEGAS (ICIS)--Dow’s resurgence of interest in investing in North America industry again is based on the low raw material cost opportunities that shale gas presents, a company official said on Monday at PackExpo 2013.
The company is excited about investing in North America, including its 1.5m tonne/year ethylene plant at its Freeport site in Texas, slated for start up in 2017 and its 750,000 tonne/year propane dehydrogenation (PDH) plant at the same site, due for start up in 2015.
Nearly a decade ago, Dow’s focus was on investing in the Middle East because of low cost feedstock there, but shale gas as a low cost feedstock has enticed the company back to the North American region, the official said.
The company already has a strong business base in the US and has committed to spending $4bn on the Gulf Coast to take advantage of the shale gas boom.
PackExpo 2013 runs through 25 September in Las Vegas, Nevada.
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