MIDLAND — Dow Chemical Co. (NYSE: DOW) says it has signed a long-term power agreement with a Texas wind farm, Bordas Wind Energy LLC, to buy 200 megawatts of wind power to help run its Freeport, Texas manufacturing plant.
The wind farm is to be complete by March 31, 2016 and will span
nearly 35,000 acres.
Dow says the deal makes it the first company in the United States to
power a major manufacturing plant with renewable energy at this
scale.
Said Jim Fitterling, vice chairman of business operations at Dow: “By
entering into this agreement, Dow is taking a serious approach to our future energy needs in Texas and cost-competitive wind energy is a great opportunity.”
Added Seth Roberts, global business diretor of the energy and
climate change portfolio at Dow: “Adding large scale renewable
energy to Dow’s manufacturing process is just one smart move that
we can make to secure a future of sustainability, growth, and long-
term competitive advantage. This decision also serves as a systemic
hedge against both energy and power price volatility, while improving our overall carbon footprint.”
Dow has committed to get 400 megawatts of the power it needs to
run its operations from renewable energy by 2025.
More at www.dow.com.