The Dow Chemical Co. today announced the scope of its upcoming carve-out of chlorine value-chain assets, including several facilities located at its sites in Freeport, Texas, and Plaquemine, La. The company will spin off its chlor-alkali, chlor-vinyl and global chlorinated organics facilities in Plaquemine and Freeport. Dow is also separating its global epoxy assets in Freeport and its brine assets at both locations. The company announced it will shut down approximately 800,000 tons of chlorine and caustic equivalent capacity in Freeport. Dow will attempt to sell the carved out business units in the future. The asset sales are part of Dow’s overall strategy to move away from commodity products that are vulnerable to market fluctuations.
Photo: The Dow Chemical Company
