Dow: Closing PE-LD Plant in Texas
Driven by current economic conditions and overcapacity for low density polyethylene (PE-LD) in the North American marketplace, The Dow Chemical Company will shut down its Poly 2 PE-LD plant in Freeport, Texas.
According to the company, the supply-demand outlook for PE-LD in North America, combined with the age, cost position and the relatively old technology of the Poly 2 plant as well as the need for additional investment do not make continued operation a viable option.
The Poly 2 plant employs approximately 40 people and includes three autoclave low density reactors with a combined capacity of 225 million lbs. It has been in operation since 1959 and will be shut down by end of March 2009.
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