Dow to Build New Ethylene Plant in Freeport
by: Andrew Schneider, April 19, 2012 10:04:00 pm
Dow Chemical CEO Andrew Liveris shared the stage with Governor Rick Perry and Lieutenant David Dewhurst as he announced plans to build the new ethylene cracker. Liveris credited the growth of shale gas as a low-cost feedstock in Dow's decision to build the plant in Texas.
"If you had told me ten years ago I would be standing up on this podium making this announcement, I would not have believed you. If you had told me that we are putting $4 billion dollars in value-adding shale gas and natural gas in this country, I would not have believed you. Frankly, we had lost our way as a country. And even though Texas had its great mechanisms to attract business, the cost of energy and the cost of feedstocks, whether it be the price of oil [or] the price of gas, was pricing the United States out of the market."
Dow Texas Operations in Freeport expects to hire 2,000 workers to build the ethylene cracker. The company recently began work on a propylene production facility, set to go online in 2015. Liveris says the two projects will ultimately support more than 35,000 US jobs.