Dow announces intent to invest in new world-scale carbonate solvents facility in the U.S. [Yahoo! Finance]
Dow Inc. (DOW)
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Source: Yahoo! Finance
New world-scale production facility will capture a significant portion of carbon dioxide from its manufacturing processes Project was selected for award negotiations by the U.S. Department of Energy (DOE) Office of Clean Energy Demonstrations MIDLAND, Mich. March 25, 2024 /PRNewswire/ -- Dow (NYSE: DOW) announced today the intent to invest in ethylene derivatives capacity on the U.S. Gulf Coast, including the production of carbonate solvents, critical components to the supply chain of lithium-ion batteries. This investment supports growth in domestic electric vehicle (EV) and energy storage markets and builds on Dow's successful track record of growth projects , including the recent global alkoxylation capacity expansions expected to come online in the next two years in U.S. Gulf Coast and Europe Dow is collaborating with the U.S. Department of Energy (DOE) Office of Clean Energy Demonstrations (OCED) and was selected for award negotiations to establish a world-scale carbonate
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