Energy Efficiency, GHG Emissions, Industrial - June 21, 2023
Dow Achieves Progress on Emissions Ethylene Cracker
Dow Inc., a chemical manufacturer, achieved significant progress toward the planned construction of the world's first net-zero Scope 1 and 2 carbon emissions integrated ethylene cracker and derivatives site.
Fluor was contracted to provide front-end engineering and design, procurement and construction management services, and Linde was selected as the industrial gas partner to supply clean hydrogen and nitrogen for the construction of the plant at Dow's Fort Saskatchewan site in Alberta, Canada.
This project is part of Dow's path to increase its earnings by more than $3 billion per year while also lowering its global CO2 emissions by 30% by 2030 versus a 2005 baseline.
Dow also outlined carbon reduction plans for each of its 25 highest carbon-emitting sites, which collectively account for approximately 95% of its Scope 1 and 2 carbon emissions.
The company also announced a joint development agreement with X-energy to install the first grid-scale advanced nuclear reactor for Dow's UCC1 Seadrift Operations manufacturing site in Texas to provide reliable, zero-carbon emissions power and steam.
Details were provided in Dow's INtersections Progress Report, which includes disclosures prepared in accordance with the Global Reporting Initiative (GRI) Standards and the Greenhouse Gas (GHG) Protocol. The report also includes disclosures aligned with the Task Force on Climate-related Financial Disclosures (TCFD), Sustainability Accounting Standards Board (SASB), and World Economic Forum (WEF) Stakeholder Capitalism Metrics.
"Guided by our ambition, we are using our expertise, products, technologies and partnerships to meet the evolving needs of our customers while leading the transition to a more sustainable and inclusive future," said Dow Chair and CEO Jim Fitterling in a statement. "Every day we are becoming a stronger, more competitive and future-ready company that is well-positioned to continue delivering value to our customers, employees, shareholders and communities."
According to the U.S. Department of Energy, ethylene is the highest volume chemical commodity used as a building block to develop everyday products such as plastics, paints, adhesives and solvents. Traditionally, ethylene is produced in steam cracking furnaces powered by natural gas and recycled fuel gas.