Dow Targets Additional Underlying EBITDA Growth Of More Than $3 Bln - Quick Facts

(RTTNews) - 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.