MOSCOW (MRC) -- Capital Power Corporation has announced a 15-year renewable power purchase agreement with Dow Chemical Canada ULC, a subsidiary of Dow, for 25 megawatts (MW) of capacity and the associated environmental attributes from our Whitla Wind 2 project, currently under construction in southeastern Alberta, as per the company's press release.
This long-term agreement demonstrates cross-industry collaboration to support grid diversity and increasing renewable electricity - empowering both companies to advance their sustainability priorities, tackle climate change and deliver a low-carbon future. Currently under construction, the 151-MW Whitla Wind 2 project is expected to be online and producing renewable energy by the end of 2021 - completing the Whitla Wind facility, which will be Alberta’s largest wind facility with 353 MW of generation capacity.
“Our longstanding, positive relationship with Capital Power began over twenty years ago, and remains strong today,” said Edward Stones, Global Director, Dow Energy and Climate Change Business. “We continue to partner with suppliers like Capital Power to competitively and sustainably source the power needed for Dow’s global operations. This new agreement further reduces our footprint at Dow’s Prentiss manufacturing site with the added benefit of supporting a more renewable grid in Alberta.”
Dow is a leading user of clean power in the chemical industry and among the top 20 globally. In 2020, Dow increased contracted renewable power by 50% to more than 800 MW of capacity, surpassing the company’s 2025 Sustainability Goal of obtaining 750 MW of its power demand from renewable sources.
We remind that, as MRC reported earlier, Dow Chemical, one of the largest US petrochemical companies, has begun bringing operations back online "as third-party utility balances and raw materials availability allow," according to the company's statement Sept. 8. The restarts would be gradual, as Dow's complexes involve multiple plants that have to be restarted one by one while checking for any storm-related, as-yet-undiscovered damage. At Plaquemine, Dow has two crackers and multiple polyethylene plants.
Ethylene and propylene are the main feedstocks for the production of polyethylene (PE) and polypropylene (PP), respectively.
According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 1,396,960 tonnes in January-July 2021, up by 7% year on year. Shipments of all grades of ethylene polymers increased. At the same time, PP shipments to the Russian market were 841,990 tonnes in the first seven months of 2021, up by 29% year on year. Supply of propylene homopolymers (homopolymer PP) and block-copolymers of propylene (PP block copolymers) increased, whereas supply of statistical copolymers of propylene (PP random copolymers) subsided.
Dow Chemical is an American diversified chemical company headquartered in Midland, Michigan. It is a major manufacturer of polymer products, including polystyrene, polyurethane, polyethylene, polypropylene and synthetic rubbers. The company produces more than five thousand products at 188 production facilities in 37 countries.