
Dow Sells its 50% Ownership in DowAksa
Dow announced that it has signed a sale and purchase agreement to sell its 50% interest in DowAksa to Aksa Akrilik Kimya Sanayii A.Ş., a company of Akkök Holding.
Dow announced that it has signed a sale and purchase agreement to sell its 50% interest in DowAksa to Aksa Akrilik Kimya Sanayii A.Ş., a company of Akkök Holding.
Clariant firmly denies Dow Europe’s 2020 competition law allegations against four chemical companies.
Dow recently announced that Karen S. Carter, currently president of Dow Packaging & Specialty Plastics, has been appointed to the role of Chief Operating Officer, effective immediately.
Arkema recently finalized the acquisition of Dow’s flexible packaging laminating adhesives business. This acquisition will significantly expand Arkema's portfolio of solutions for flexible packaging, positioning the company as a key player in this attractive market.
Dow has signed an agreement to acquire US company Circulus, a recycler of plastic waste into post-consumer resin (PCR). The transaction includes two facilities, one in Ardmore, Oklahoma, and another in Arab, Alabama, with a total capacity of 50,000 metric tons per year. Dow expects the transaction to close in the third quarter of 2024, subject to customary regulatory approval.
Arkema agreed to acquire Dow’s flexible packaging laminating adhesives business, a leading producer in this market with annual sales of approximately $250 million (€233 million). This acquisition will expand Arkema’s flexible packaging solutions portfolio, positioning the group as a key player in the industry.
Dow announced its intent to build a world-scale carbonate solvents production facility for lithium-ion battery production on the US Gulf Coast. The plant will serve customers in the lithium-ion battery sector, in which carbonate solvents are used as a component in electrolytes.
Air Liquide and Dow renewed their industrial gas supply agreement for Dow’s chemical production site in Stade, Germany. Under the long-term agreement, Air Liquide will supply industrial gases and invest almost €40 million in modernizing its facilities to increase operational efficiency and reduce CO₂ emissions.
Dow has started operations of its new MDI distillation and prepolymers facility at its US manufacturing site in Freeport, Texas.
Dow has entered into a long-term agreement with New Energy Blue for the supply of bio-based ethylene from agricultural residues in North America.
In an as yet unusual move for a chemical producer, Dow plans to build what it said is a “first set” of small modular nuclear reactors at its Seadrift, Texas, site south of Houston, in partnership with Maryland-based nuclear developer X-Energy Reactor Co.
Dow has selected Linde to supply clean hydrogen and nitrogen for its proposed net-zero carbon emissions integrated ethylene cracker and derivatives site in Fort Saskatchewan, Alberta, Canada.
US-based international contractor Fluor has been awarded a reimbursable contract to provide front-end engineering and design (FEED) and engineering, procurement and construction management (EPCM) services for Dow’s proposed cracker and derivatives project in Canada.
The US Environmental Protection Agency (EPA) has proposed a $5.4 million historic settlement with chemical giant Dow to cover its dioxin pollution cleanup efforts resulting from the company’s contamination of waterways dating back to the 19th century.
US agricultural company Corteva, which combines businesses formerly belonging to DuPont, Dow and Pioneer, has agreed to buy Symborg, an expert in microbiological technologies based in Murcia, Spain. Financial terms were not disclosed.
Dow and Saudi family business Al-Hejailan Group have signed a Memorandum of Understanding to form a joint venture to design, build and operate a methyl diethanolamine (MDEA) plant in PlasChem Park in Jubail.
Dow has announced several new steps in its plans to accelerate the deployment of plastics recycling technologies in Europe and the US.
Shell and Dow have started up an experimental unit to electrically heat steam cracker furnaces in the Netherlands.
With all European energy discussions now focusing on dramatic cuts in supplies of Russian gas, Dow Chemical is taking an undisclosed minority stake in an import terminal for US liquefied natural gas (LNG) that is planned to be built on its own chemical complex at Stade on the German North Sea coast.
Chemical MNCs show strong verbal commitment to China, but the real situation is somewhat underwhelming.
Leading global chemical companies and the World Economic Forum (WEF) have announced that they are entering an agreement to formalize the Low-Carbon Emitting Technologies (LCET) initiative into a stand-alone entity by the end of 2023, to share early-stage risks and co-invest in developing and upscaling low-carbon emitting technologies.
Haldor Topsoe is partnering Dow to accelerate development of chemical recycling technology that converts hard-to-recycle waste plastics into pyrolysis oil feedstock. The Danish group will support the design and engineering of a 10,000 t/y market-development, or pilot, unit to be built at Dow’s site in Terneuzen, the Netherlands.
US chemical giant Dow is pressing ahead with several projects aimed at delivering $3 billion in underlying EBITDA growth as it progresses toward carbon neutrality and circularity. Along with its just announced net-zero carbon emissions ethylene and derivatives complex in Canada, the Midland, Michigan-based group will launch a line of circular plastic solutions and expand its chemical recycling capability.
Dow has announced plans to build what it regards as the world’s first net-zero carbon emissions ethylene and derivatives complex at its Fort Saskatchewan site in Alberta, Canada. The project, to go on onstream by 2030, will add roughly 1.8 million t/y of ethylene capacity and 3.2 million t/y of PE and ethylene derivatives.
Dow is investing an undisclosed sum in its methyl acrylate production to meet growing demand both in North America and worldwide. The project at its St Charles operations in Hahnville, Louisiana, USA, will add 50,000 t/y of capacity by the first half of 2022. Dow said the extra output will “enable global growth with a focus on supplying North American demand.”
Dow may revive an earlier expansion project that would add 600,000 t/y of LLDPE capacity on the US Gulf Coast, CEO Jim Fitterling said during a conference call with journalists last week to present second quarter financial results.
Dow has announced a series of “incremental, high-return” capacity expansions around the world to support fast-growing demand across key end-markets.
Dow and Shell have secured funding from the Dutch government and are also linking up with two research organizations to accelerate progress in the joint cracker electrification development program that they announced about a year ago. The technology has the potential to significantly reduce CO2 emissions from one of the chemical industry’s most central processes.
Dow is planning to build an integrated methylene diphenyl diisocyanate (MDI) distillation and prepolymers plant at its site in Freeport, Texas, USA, to support rising demand from the downstream polyurethane (PU) sector.
The EU Commission’s ambitious plan for a European Green Deal, launched shortly before the pandemic struck in early 2020, aims to make the continent the world’s first climate-neutral region by 2050. The goals spelled out in January last year call for reduction of greenhouse gas emissions by at least 50% up to 2030, compared with 1990 levels.
Saudi Aramco and Dow have amended the shareholders agreement for their Sadara Chemical joint venture with the partners taking on direct responsibility for marketing their shares of the output.
The European Chemical Industry has set out on an ambitious path to become carbon neutral. Germany, as one of the major chemical manufacturing nations, has committed to achieve this goal by 2050.
Dow has signed a Memorandum of Understanding (MoU) with the Zhanjiang Economic and Technological Development Zone Administrative Committee (Zhanjiang EDZ) to build the Dow South China Specialties Hub, a multi-year project providing customers local access to its products and technologies.
A coalescing of factors has led to arrested growth across the chemicals sector this year, with the brand value of the top 25 most valuable chemicals brands contracting by 8% on average, according to the latest report by Brand Finance, an independent brand valuation consultancy.
Following up earlier announcements with few detailed disclosures, Dow has now sketched out moves it plans to take to deliver on its envisioned structural cost improvement targets. The US chemical producer, which emerged from the behemoth DowDuPont somewhat trimmed down from its pre-merger status, said the aim is to” further enhance its long-term competitiveness as the global economy recovers from the coronavirus pandemic.”