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Chemical Giant Dow Urges U.S. to Follow Canada’s Lead on Carbon Incentives

  • Chemical manufacturer to build world’s first net zero facility
  • Canada’s carbon price allows for costly, clean projects: Dow
Jim Fitterling
Jim FitterlingPhotographer: Aaron M. Sprecher/Bloomberg

Dow Inc. urged the U.S. to follow Canada in offering industrial companies larger incentives to reduce carbon emissions after announcing plans to build the world’s first net-zero ethylene cracker in Alberta. 

The company will build a new chemical facility and retrofit an existing one at its Fort Saskatchewan site that will boost production of ethylene, the key building block of everyday plastics, eventually reducing net emissions to zero by 2030. It will use waste gases to make hydrogen, which in turn will be used as a fuel source, while also capturing and storing carbon emissions.