Dow delays $8.9B Path2Zero project amid market uncertainty

Dow Inc. has announced a delay in the construction of its flagship Path2Zero petrochemical facility in Fort Saskatchewan, Alberta, citing ongoing economic uncertainty and unfavorable market conditions exacerbated by tariff-driven volatility. The company will cut its 2025 capital expenditures by $1 billion and expects to achieve at least $1 billion in targeted cost savings. Dow's decision comes amid global trade tensions and higher costs, with CEO Jim Fitterling noting that businesses and consumers alike are postponing major purchases and investments until there is more clarity on tariffs and trade negotiations. Despite the postponement, Dow remains committed to the long-term strategic value of the net-zero emissions project. The company is also expanding its review of European assets and pursuing additional cost-saving measures to navigate the extended market downturn. These actions reflect broader industry concerns, as many sectors struggle to assess the impact of shifting trade policies on their operations.