Dow (DOW) said it expects near-term capital and operating growth investments to generate approximately $2 billion of additional EBITDA, and a new net-zero carbon emissions ethylene and derivatives complex to deliver approximately $1 billion of EBITDA per year by 2030.

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RTTNews | Oct 6, 2021 07:14AM EDT

07:14 Wednesday, October 6, 2021 (RTTNews.com) - Dow (DOW) said it expects near-term capital and operating growth investments to generate approximately $2 billion of additional EBITDA, and a new net-zero carbon emissions ethylene and derivatives complex to deliver approximately $1 billion of EBITDA per year by 2030.

"Our near- and mid-term investments will deliver substantial additional earnings and cash flow upside, further enable us to grow with our customers in attractive end-markets, and set the stage for our transition to zero-carbon emissions across our global operations," said Jim Fitterling, CEO.

Also, the company expects to allocate approximately $1 billion of capex annually to decarbonize its global asset base in a phased, site-by-site approach.

Read the original article on RTTNews ( https://www.rttnews.com/3230810/dow-targets-additional-underlying-ebitda-growth-of-more-than-3-bln-quick-facts.aspx)

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