Dow announced the start-up of its propylene glycol – PG – capacity expansion at its integrated manufacturing facility in Map Ta Phut, Rayong, Thailand. The low capital intensity, higher-return, incremental investment increases propylene glycol capacity by 80,000 tons per year, which brings the total output to 250,000 tons per year, making the Dow Map Ta Phut PG manufacturing facility the largest of its kind in Asia Pacific. Dow’s propylene glycol franchise upgrades basic chemical building blocks to produce ingredients for cosmetics, food, pharmaceuticals, and other products for everyday use. Dow plans to secure ISCC PLUS certification of the Map Ta Phut PG facility by the end of 2024.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DOW:
- Dow Inc. to Reveal Strategies at 2024 Investor Day
- April NA polyethylene contract price rise a ‘solid outcome,’ says Morgan Stanley
- Dow Inc. price target raised to $60 from $58 at Barclays
- Dow to sell flexible packaging laminating adhesives unit to Arkema for $150M
- Dow advances strategic focus with sale of flexible packaging laminating adhesives business to Arkema