Dow looking to Gulf Coast, shale gas in future investments

By Luke Geiver | May 16, 2017

Dow Chemical Co. is further committing to U.S.-produced shale gas. The chemical giant recently announced investment plans for the next five years. The list included roughly 10 major investment goals. Many of the goals involved operations utilizing shale-based feedstock for chemical production or shale gas for operational power.

The investments, totaling $12 billion, will take place over 10 years.

In the Gulf Coast, Dow intends to build a 600,000 metric ton polyethylene facility. The facility will address consumer demand in specialty packaging, health and hygiene and industrial and consumer packaging.

The company will also work to expand its TX-9 ethylene cracker facility in Freeport, Texas. The expansion efforts include adding two furnaces and will make it the largest ethylene facility in the world.

And, at number 7 on its investment goal list, Dow said it will “pursue additional investments to benefit from shale gas economics, further enhancing feedstock flexibility and reducing volatility from these advantaged inputs.

In the last four years, Dow believes it has created more than 10,000 jobs—direct and indirect—through its investments throughout the Gulf Coast.