Dow to Build Ethylene Plant in Texas on Cheap Gas Prices
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Dow Chemical Co. will build an ethylene plant in Texas that will employ as many as 2,000 workers, part of the company’s $4 billion investment in expanded chemical production as the price of natural gas drops to a 10-year low.
The plant, scheduled to open in 2017, will be built at a Dow site in Freeport, Texas, the company said in a statement today. The facility will use ethane and other natural-gas liquids to make ethylene, a key plastics ingredient. It will cost $1.7 billion and create 150 jobs, Texas Governor Rick Perry said in a separate statement.