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

|About: Dow Chemical Co. (DOW)|By:, SA News Editor

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.