Dow receives board authorization construct propylene unit
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Dow receives board authorization to construct propylene unit

8:40 PM, 8th March 2012
Dow receives board authorization to construct propylene unit

MIDLAND, US: The Dow Chemical Company announced that it has authorized capital to finalize detailed engineering and purchase long lead-time equipment for a new, world-scale propylene production facility to be constructed at Dow Texas Operations. This represents the latest move in the company’s comprehensive strategy to increase its ethylene and propylene production and connect its operations with low-cost feedstock opportunities available from increasing supplies of US shale gas.

Dow and UOP LLC signed a technology licensing agreement, under which Dow will license UOP’s proprietary UOP C3 Oleflex TM process technology for manufacturing on-purpose propylene from propane. On-purpose propylene production from propane will create better economic value for Dow compared with high-priced purchased propylene.The project is expected to create 1,300 jobs at its construction peak.

“This authorization marks yet another significant milestone in Dow’s comprehensive plan to create competitive advantage for our downstream Performance Materials and Advanced Materials businesses by further connecting our US operations with cost-advantaged feedstocks. This investment directly supports Dow’s transformational strategy to enhance its feedstock flexibility and integration strength, and positions the Company for growth in attractive markets and geographies,” said Jim Fitterling, Executive Vice President, Dow Chemicals.

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