Evonik, Dow Develop Industrial-scale Direct Synthesis of PG from Propylene

Dow and Evonik have entered into an exclusive technology partnership. Together, they plan to bring a unique method for directly synthesizing propylene glycol (PG) from propylene and hydrogen peroxide to market maturity. The basis for the method, named HYPROSYN, has been created over the last few years by a team of over 100 Evonik employees. … Read moreEvonik, Dow Develop Industrial-scale Direct Synthesis of PG from Propylene

Dow to Invest in Flexible Alkoxylation Facility on U.S. Gulf Coast

Dow (The Dow Chemical Company) announced its plan to invest in an alkoxylation facility on the U.S. Gulf Coast. Upon completion, this new facility will support global growth in Dow’s core end-markets related to infrastructure and home and personal care, as well as additional end-markets where Dow continues to strengthen its position for the TRITON, … Read moreDow to Invest in Flexible Alkoxylation Facility on U.S. Gulf Coast

Dow, UPM Partner to Produce Plastics Made with Renewable Feedstock

Dow announces the commercialization of a plastics offering for the packaging industry made from bio-based renewable feedstock in partnership with UPM Biofuels, a producer of advanced biofuels. Dow is incorporating renewable wood-based UPM BioVerno naphtha – a key feedstock used for plastics development – into its raw material slate, creating an alternative source for plastics … Read moreDow, UPM Partner to Produce Plastics Made with Renewable Feedstock

Dow to Retrofit Louisiana Cracker for On-purpose Propylene

As part of the Company’s current slate of low capital intensity, high-return incremental growth investments, Dow announced it will retrofit proprietary fluidized catalytic dehydrogenation (FCDh) technology into one of its mixed-feed crackers in Plaquemine, Louisiana, to produce on-purpose propylene. The retrofit will enable Dow to continue to meet growing demand for its businesses serving consumer, … Read moreDow to Retrofit Louisiana Cracker for On-purpose Propylene

Trinseo to Acquire Latex Binders Assets in Germany

Trinseo announced on Thursday that it has signed a definitive agreement with The Dow Chemical Company to acquire latex production facilities and related infrastructure at Rheinmunster, Germany. The transaction is expected to close in the second half of 2019, following European Union regulatory approval and customary closing conditions. Consideration for the transaction is approximately €40 … Read moreTrinseo to Acquire Latex Binders Assets in Germany

Dow to Expand Alkoxylation Capacity in Spain

Dow announced on Thursday its plans to expand the alkoxylation capacity at its existing facility in Tarragona, Spain to cater to the demand from Europe, Middle East, Africa and India region. The new capacity is “low capital intensive, high in returns and an incremental investment”, according to the company statement. This capacity which will be … Read moreDow to Expand Alkoxylation Capacity in Spain

Dow to Permanently Shut its Acrylic Emulsions Plant in Charlotte

Dow Chemical is closing its acrylic emulsions facility in east Charlotte this July. The company said that it made the decision after thorough assessments on sustainability of the operations. The company will decommission the plant on July 31st and will supply the product to its customers from other locations. The Charlotte site produces acrylic emulsions … Read moreDow to Permanently Shut its Acrylic Emulsions Plant in Charlotte

Dow Collaborates with Petronas Chemicals on Carbon project

Dow signed an agreement on Tuesday with PETRONAS Chemicals Glycols to collaborate on a carbon project at PETRONAS’ world-scale ethylene oxide (“EO”) production facility in support of the Official Carbon Partnership between Dow and the International Olympic Committee (IOC). Together, Dow and PETRONAS Chemicals Glycols are committed to reducing greenhouse gas emissions from the operations … Read moreDow Collaborates with Petronas Chemicals on Carbon project

DowDuPont Completes Spin-off of Dow

DowDuPont announced that it has completed the separation of its Materials Science Division through the spin-off of Dow Inc. On March 21, 2019, DowDuPont common stockholders received one share of Dow’s common stock for every three DowDuPont common stock shares they held at the close of business. Common stockholders of DowDuPont will also receive cash … Read moreDowDuPont Completes Spin-off of Dow

DowDuPont Expects Drop in Earnings on Weak Agri, Plastics

DowDupont estimated that in the first quarter of the year, its earnings fell by a percentage in the high teens, hit by flooding in the midwest of the US, and a squeeze on margins in packaging and plastics. The company’s previous guidance was that earnings before interest, tax depreciation, and amortization would drop by a … Read moreDowDuPont Expects Drop in Earnings on Weak Agri, Plastics

DowDuPont Board Approves Separation of Materials Science Division as New Dow

On Friday, DowDuPont announced that its Board of Directors has agreed to the previously announced separation of its Materials Science Division. The division will become the new Dow on April 1. DowDuPont’s board of directors declared a dividend for the second quarter of $325 million to be paid on May 28, 2019, in the aggregate … Read moreDowDuPont Board Approves Separation of Materials Science Division as New Dow

Dow Chemical plans $3 Billion Stock Buyback after seperation

Dow Chemical announced that after separation from DowDuPont on 1 April, it will set an initial annual dividend payment of $2.1 billion and launch a $3-billion stock buyback program. The company will target shareholder remuneration of approximately 65% of operating net income across the cycle, including dividend and share repurchases. Dow confirmed its plans to … Read moreDow Chemical plans $3 Billion Stock Buyback after seperation