US EditionDow delays $11.5B Alberta industrial project amid economic fears
- On Thursday, May 1, 2025, Dow Inc. Announced it is postponing the start of its $11.5 billion Path2Zero initiative, a zero-emissions petrochemical facility planned near Edmonton, Alberta.
- The delay stems from volatile macroeconomic conditions, including uncertain market demand and the impact of U.S. Tariffs on trade, affecting Dow's spending plans.
- The project, called Path2Zero, was fully financed in 2023 and began construction in 2024 to expand an existing facility in Fort Saskatchewan's Industrial Heartland.
- Dow expects to reduce 2025 capital expenditure by $1 billion to $2.5 billion and said the delay will save cash until market conditions improve, emphasizing, "long-term strategic rationale of the project."
- This delay could slow job creation estimated at 5,000 during construction and may negatively affect Alberta's natural gas and midstream sectors, pending broader economic stabilization.
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Dow Delays Construction of $9 Billion Net Zero Alberta Project
Dow Inc. says it is delaying construction of a nearly $9 billion net-zero petrochemical project northeast of Edmonton because of expected weak market conditions. The company says it’s still committed to the Path2Zero project in Fort Saskatchewan, Alta., but that after a comprehensive review it has decided to push back the timeline. Dow says it sees an expected lower-for-longer earnings environment ahead, so it won’t need the project’s output as …
·New York, United States
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