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Dow Chemical (DOW) applies for a federal permit to build its biggest ethylene plant, as cheap...

  • Monday, December 10, 2012, 5:08 PM ET
    Dow Chemical (DOW) applies for a federal permit to build its biggest ethylene plant, as cheap natural gas gives manufacturers a cost advantage. The $1.7B Texas plant would have capacity to make 1.5M tons of ethylene a year, the same as Texas plants proposed by Chevron Phillips (CVX, PSX) and Exxon (XOM); construction would begin in Jan. 2014.
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This news story has 2 comments:

  •  
    One word - "Plastics."
    11 Dec 2012, 06:20 AM Reply Like
  •  
    Big bet that NG stays cheap, maybe they should buy some of CHK's assets while they are at it.
    11 Dec 2012, 10:55 AM Reply Like
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