Varcoe: Dow moving ahead with $10B petrochemical project in Alberta after delay, aims for 2029 startup
The project is the most prominent effort to attract major investment into Alberta’s petrochemical sector, adding value to raw resources, while underscoring corporate efforts toward decarbonization
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There’s plenty of debate today surrounding pipelines and other proposed energy developments in Alberta, but one of the largest active projects in the province just received a welcomed shot of certainty.
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Dow Inc.’s massive $10-billion, net-zero petrochemical project is moving ahead in Fort Saskatchewan, with a new timeline for startup in late 2029 — a two-year delay from its initial target.
Last April, the Michigan-based chemicals producer delayed construction plans on its “Path2Zero project” northeast of Edmonton to reflect market conditions, as Dow was looking to reduce corporate capital spending last year by US$1 billion.
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On Thursday, Dow said it expects to start the project’s first phase by the end of 2029; it was initially planned to begin in 2027. (The company also announced a major corporate restructuring, and will........
