Updated Sep 25, 2024
9/25/24
Petrochemical giant Dow Inc. said lower North American natural gas prices are driving an expansion of operations. Meanwhile in Europe, “right-sizing” the footprint “is necessary” with industrial demand still 25% off pre-pandemic levels.
Devon Energy Corp. said Tuesday it plans to develop a portion of its Oklahoma properties with joint venture partner Dow Inc. within the STACK, aka the Sooner Trend of the Anadarko Basin, mostly in Canadian and Kingfisher counties.
Construction of Dow Chemical Co.’s world-scale ethylene production facility in Freeport, TX, is complete. The ethylene unit is in commissioning and expected to enter operation by mid-year, the company said.
The Dow Chemical Co. on Tuesday confirmed that it is moving forward to expand two big petrochemical facilities along the Gulf Coast of Texas and Louisiana that would be integrated by "advantaged shale gas."